Compass Acquires Multifamily Property In Cambridge, MA For $1.29M
SOLD
$1,290,000
Massachusetts
See Similar DealsMultiFamily2,128 SF
Sold 11/08/2021
SOLD
Compass Acquires Multifamily Property In Cambridge, MA For $1.29M
34-36 Kelly Rd, Cambridge, Massachusetts, USA
See Similar DealsMultiFamily2,128 SF
Sold 11/08/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$606
Total Square Footage:2,128 SF
Transaction Type:Sale
A multifamily property located at 34-36 Kelly Rd in Cambridge, MA has been sold for a price of $1,290,000. The property spans 2,128 square feet and was sold at a price per square foot of $606.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,290,000
- Date: 11/08/2021
- Market: Cambridge, MA
The buyer's representative for this transaction was Liz & Ellie Real Estate from Compass. They were responsible for representing the buyer in the deal. The seller's representative, John Schwagerl & Scott Twadelle, worked on behalf of RCG Properties.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$68,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,583.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,115.26
Annual Debt Service$73,383.10
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