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$2.3M Multifamily Sale In Arlington, MA – Steve McKenna & The Home Advantage Team-Gibson Sotheby's Intl Realty

Property Image
SOLD
$2,300,000

Massachusetts

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MultiFamily7,586 SF
Sold 08/16/2022
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Property Image
SOLD

$2.3M Multifamily Sale In Arlington, MA – Steve McKenna & The Home Advantage Team-Gibson Sotheby's Intl Realty

376 Massachusetts Avenue, Arlington, Massachusetts 02474, United States

See Similar Deals
MultiFamily7,586 SF
Sold 08/16/2022
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$303
Total Square Footage:7,586 SF
Transaction Type:Sale

Located at 376-378 Mass Ave in Arlington, MA, this multifamily property was recently sold in a closed transaction. The property spans a total of 7,586 square feet and was sold for a price of $2,300,000, resulting in a price per square foot of $303. The sale was facilitated by Steve McKenna and The Home Advantage Team from Gibson Sotheby's International Realty.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,300,000
  • Address: 376-378 Mass Ave, Arlington, MA
  • Market: Arlington, MA
  • Brokers: Steve McKenna & The Home Advantage Team - Gibson Sotheby's International Realty

The sale of this multifamily property on Mass Ave was successfully completed through the dedicated efforts of Steve McKenna and The Home Advantage Team from Gibson Sotheby's International Realty. They ensured a smooth transaction process for all parties involved in the deal.

Players

Stephen (Steve) McKenna
15 deals$19.6M volume
BROKER

Details

SOLD
IMAGE: Steve McKenna DATE: 08/16/2022 ADDRESS: 376-378 Mass Ave MARKET: Arlington, MA ASSET TYPE: Multifamily BROKERS: Steve McKenna & The Home Advantage Team - Gibson Sotheby's International Realty SALE PRICE: $2,300,000 SF: 7,586 ~ PPSF: $303

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$122,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08