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29 Carver Road

Updated Dec 4, 2024

Rui Guo Of Peace Of Mind Realty Represents Buyer In $1.36M Watertown Multifamily Sale
SOLDMultiFamily

Rui Guo Of Peace Of Mind Realty Represents Buyer In $1.36M Watertown Multifamily Sale

29 Carver Road

$1,360,000

$385/SF

Building Size

3,526 SF

Asset Type

MultiFamily

Closing

Aug 15, 2024

About this deal

AI

A three-family home at 29 Carver Road, Watertown, MA, was sold for $1.36 million. The property features 5 bedrooms and 3 bathrooms, offers a total of 3,526 square feet of living space, and has a price per unit of $453,333 and a price per square foot of $386. It is located near the Belmont/Cambridge line in the Oakley CC area, making it an attractive option for potential investors or owner-occupants.

Summary of transaction details:

The transaction was facilitated by Rui Guo from Peace of Mind Realty representing the buyer and David Divecchia from Berkshire Hathaway HomeServices representing the seller. This deal showcases the collaboration between established real estate professionals to successfully complete the sale of the property.

On the Map

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$1,360,000

$385/SF

MultiFamily

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Players

David Divecchia

Berkshire Hathaway HomeServices

Broker

$2.6M

vol

2 deals

Broker

Watertown MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $385 per square foot on a published $1.4M for 3,526 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.66%

Cash-on-Cash

-3.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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