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Kelley & Rege Properties Sells Multifamily Property In Milton, MA For $1.25M
SOLD
Massachusetts
See Similar DealsMultiFamily2,713 SF
Sold 01/16/2024
SOLD
Kelley & Rege Properties Sells Multifamily Property In Milton, MA For $1.25M
29-31 Fullers Lane
See Similar DealsMultiFamily2,713 SF
Sold 01/16/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$460
Total Square Footage:2,713 SF
Transaction Type:Sale
29-31 Fullers Lane, a multifamily property in Milton, MA, was sold for $1,249,000. The property consists of a total of 2,713 square feet and was sold at a price per square foot of $460.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,249,000
- Address: 29-31 Fullers Lane
- Market: Milton, MA
Francine Jeffers and Paul Rege from Kelley & Rege Properties represented the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,613.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,437.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,920.90
Annual Debt Service$71,050.77
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