Leeman & Gately Of Compass Sell Multifamily Property In Melrose, MA For $1.15M
SOLD
Massachusetts
See Similar DealsMultiFamily4,378 SF
Sold
SOLD
Leeman & Gately Of Compass Sell Multifamily Property In Melrose, MA For $1.15M
303 Franklin Street, Melrose, Massachusetts, USA
See Similar DealsMultiFamily4,378 SF
Sold
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$262
Total Square Footage:4378 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
Is there something missing? Send suggestions