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

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SOLD
$1,150,000

Massachusetts

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MultiFamily4,378 SF
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SOLD

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

303 Franklin Street, Melrose, Massachusetts, USA

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MultiFamily4,378 SF
Sold
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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

Jill Leeman
1 deal$1.2M volume
BROKER

Lorraine Gately
Compass
1 deal$1.2M volume
BROKER

Details

SOLD
IMAGE: Jill Leeman & Lorraine Gately DATE: 01/21/2021 ADDRESS: 303 Franklin Street MARKET: Melrose, MA ASSET TYPE: Multifamily BROKER: Jill Leeman & Lorraine Gately - Leeman & Gately @Compass SALE PRICE: $1,150,000 UNITS: 3 ~ PPU: $383,333 SF: 4,378 ~ PPSF: $263

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Deal Type
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