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Robin A Martyn & Lisa Sullivan Facilitate Sale Of $1.13M Malden Multifamily
SOLD
Massachusetts
See Similar DealsMultiFamily3,987 SF
Sold 02/22/2024
SOLD
Robin A Martyn & Lisa Sullivan Facilitate Sale Of $1.13M Malden Multifamily
35-37 Fairmont Street
See Similar DealsMultiFamily3,987 SF
Sold 02/22/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$283
Total Square Footage:3,987 SF
Transaction Type:Sale
A multifamily property located at 35-37 Fairmont Street in Malden, MA, has been sold for $1,130,000. The property spans 3,987 square feet with a price per square foot of $283.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,130,000
- Address: 35-37 Fairmont Street
- Market: Malden, MA
The sale was facilitated by Robin A Martyn and Lisa Sullivan, who represented the transaction on behalf of Churchill Properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,014.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,356.78
Annual Debt Service$64,281.32
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