Redfin Corp Acquires Multifamily Property In Medford, MA For $1.45M
29 Florence St, Medford, Massachusetts 02155, United States
$1,450,000
$394/SF
Building Size
3,674 SF
Asset Type
MultiFamily
Closing
May 12, 2022
AI
The multifamily property located at 29-31 Florence St in Medford, MA has been sold for a price of $1,450,000. The property spans 3,674 square feet with a price per square foot of $395.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 29-31 Florence St, Medford, MA
- Market: Medford, MA
- Square Footage: 3,674
The buyer's representative for this transaction was Matt Zborezny from Redfin Corp, while the seller's representative was the Viva Real Estate Team from eXp Realty.
Players
Medford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93