360 Realty LLC Acquires Multifamily Property In Melrose, MA For $1.01M
SOLD
$1,010,000
Massachusetts
See Similar DealsMultiFamily3,512 SF
Sold 08/04/2020
SOLD
360 Realty LLC Acquires Multifamily Property In Melrose, MA For $1.01M
38-40 Albion St, Melrose, Massachusetts, USA
See Similar DealsMultiFamily3,512 SF
Sold 08/04/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$287
Total Square Footage:3,512 SF
Transaction Type:Sale
The multifamily property located at 38-40 Albion St in Melrose, MA has been sold for a total of $1,010,000. The property spans across 3,512 square feet, resulting in a price per square foot of $288.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,010,000
- Date: 08/04/2021
- Address: 38-40 Albion St, Melrose, MA
- Market: Melrose, MA
The seller's representative for this transaction was Patricia Fitzgerald from Brad Hutchinson Real Estate, while Rajit Shrestha from 360 Realty LLC represented the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,588.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,787.92
Annual Debt Service$57,454.98
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