Maureen Mulrooney Of Re/Max Represents Buyer In $1.345M Arlington Multifamily Sale
36-38 Bowdoin Street
$1,345,000
$433/SF
Building Size
3,106 SF
Asset Type
MultiFamily
Closing
Jul 26, 2024
AI
36-38 Bowdoin Street, Arlington, MA, is a two-family property located in East Arlington. This multifamily asset has a sale price of $1,345,000, comprises 3,106 square feet, and features a price per unit of $672,500 and a price per square foot of $433. The property is close to public transit and local amenities with the first unit offering 2 beds and 1 bath, while the second unit provides 3 beds and 1 bath. Both units include modern updates, air conditioning, and in-unit laundry facilities.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,345,000
- Units: 2
- Square Footage: 3,106
- Price per Unit: $672,500
- Price per Square Foot: $433
- Buyer's Representative: Maureen Mulrooney - Re/Max
- Seller's Representative: Sammy Chen - Denkar Realty Group
Maureen Mulrooney represented the buyer in this transaction, while the seller was represented by Sammy Chen. Both agents are affiliated with their respective real estate agencies, facilitating the sale of this multifamily property in Arlington.
Players
Arlington 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
11.79%
Cash-on-Cash
-3.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93