Updated Dec 21, 2023
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
About this deal
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.
On the Map
$1,450,000
$394/SF
MultiFamily
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Medford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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