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Multifamily Complex In Framingham, MA Sold For $6.2M With Marcus & Millichap Brokers
SOLD
Massachusetts
See Similar DealsMultiFamily20,360 SF
Sold
SOLD
Multifamily Complex In Framingham, MA Sold For $6.2M With Marcus & Millichap Brokers
301 Grant Street
See Similar DealsMultiFamily20,360 SF
Sold
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$304
Total Square Footage:20,360 SF
Transaction Type:Sale
The Parkside Court Apartments in Framingham, MA, have been sold for $6.2 million. The buyer and seller have not been disclosed. The 30-unit multifamily complex, located at 301 Grant Street, was marketed by Evan Griffith, Tony Pepdjonovic, and Jeremy Buckley of Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,200,000
- Units: 30
- Price per Unit: $206,667
- Square Footage: 20,360
- Price per Square Foot: $305
- Address: 301 Grant Street
- Market: Framingham, MA
The sale of Parkside Court Apartments was facilitated by Evan Griffith, Jeremy Buckley, and Tony Pepdjonovic, who are brokers representing Marcus & Millichap in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96
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