Updated Dec 21, 2023
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.
Melrose 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93