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303 Franklin Street, Melros...

Updated Dec 21, 2023

Leeman & Gately Of Compass Sell Multifamily Property In Melrose, MA For $1.15M
SOLDMultiFamily

Leeman & Gately Of Compass Sell Multifamily Property In Melrose, MA For $1.15M

303 Franklin Street, Melrose, Massachusetts, USA

$1,150,000

$262/SF

Building Size

4,378 SF

Asset Type

MultiFamily

Closing

Jan 20, 2021

About this deal

AI

303 Franklin Street in Melrose, MA has been sold for $1,150,000. This multifamily property consists of 3 units with a price per unit of $383,333. The total square footage of the property is 4,378, resulting in a price per square foot of $263.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Units: 3
  • Price per Unit: $383,333
  • Square Footage: 4,378
  • Price per Square Foot: $263
  • Address: 303 Franklin Street, Melrose, MA
  • Market: Melrose, MA

The sale of this property was facilitated by Jill Leeman & Lorraine Gately from Leeman & Gately at Compass. They represented the buyers and sellers in this transaction.

Players

Jill Leeman

Compass

Broker

$1.2M

vol

1 deal

Broker

Melrose MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $262 per square foot on a published $1.2M for 4,378 square feet (2021).

Visit Compass to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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