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
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