Updated Dec 4, 2024
Xingwei Huang Of Fathom Realty Facilitates $1.57M Lexington Multifamily Sale
29 Spring Street & 31 Spring Street
$1,570,000
$224/SF
Building Size
3,500 SF
Asset Type
MultiFamily
Closing
Apr 4, 2024
About this deal
AI
A multi-family home in Lexington, MA, located at 29-31 Spring St, has been sold for $1.57 million. The property boasts six bedrooms, charming brick fireplaces, and picturesque views. With rental potential and strategic proximity to top-tier schools and public transit, this property appeals to both residents and investors.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,570,000
- Square Footage: 3,500
- Price Per Square Foot: $449
- Address: 29-31 Spring Street
- Market: Lexington, MA
Xingwei Huang from Fathom Realty facilitated the transaction as the broker representing the deal.
Players
Lexington 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
10.10%
Cash-on-Cash
-2.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93