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Danny Zheng Of Keller Williams Represents Buyer In $1.31M Milton Multifamily Sale
SOLD
Massachusetts
See Similar DealsMultiFamily
Sold 06/18/2024
SOLD
Danny Zheng Of Keller Williams Represents Buyer In $1.31M Milton Multifamily Sale
338-340 Central Avenue
See Similar DealsMultiFamily
Sold 06/18/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
338-340 Central Ave in Milton, MA, sold for $1.31 million, featuring a rare three-family home with six bedrooms and three baths across 3,726 square feet. The vacant property includes spacious units, original details, and a large lot with views of Turner's Pond, offering easy access to nature and Milton’s well-regarded school system.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,310,000
- Address: 338-340 Central Avenue
- Market: Milton, MA
- Units: 3
- Price Per Unit: $436,667
Danny Zheng from Keller Williamsrepresented the buyer, while Patti Brainard from Compass represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,866.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,654.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,210.07
Annual Debt Service$74,520.82
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