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338-340 Central Avenue

Danny Zheng Of Keller Williams Represents Buyer In $1.31M Milton Multifamily Sale
SOLDMultiFamily

Danny Zheng Of Keller Williams Represents Buyer In $1.31M Milton Multifamily Sale

338-340 Central Avenue

$1,310,000

Building Size

Asset Type

MultiFamily

Closing

Jun 18, 2024

AI

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.

Players

Danny Zheng

Keller Williams Realty

Broker

$27M

vol

19 deals

Broker

Milton 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

12.11%

Cash-on-Cash

-3.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93