Compass Acquires Multifamily Property In Medford, MA For $1.28M
SOLD
$1,280,000
Massachusetts
See Similar DealsMultiFamily3,833 SF
Sold 05/07/2021
SOLD
Compass Acquires Multifamily Property In Medford, MA For $1.28M
4-6 Chester Ave, Medford, Massachusetts, USA
See Similar DealsMultiFamily3,833 SF
Sold 05/07/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$333
Total Square Footage:3,833 SF
Transaction Type:Sale
The multifamily property located at 4-6 Chester Ave in Medford, MA has been sold for a price of $1,280,000. The property spans 3,833 square feet, resulting in a price per square foot of $334.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,280,000
- Address: 4-6 Chester Ave, Medford, MA
- Market: Medford, MA
- Brokers: Kim Covino & The Shorey Realty Group - Compass
- Square Footage: 3,833
- Price per Square Foot: $334
The sale of this multifamily property was facilitated by Kim Covino from The Shorey Realty Group - Compass. The transaction highlights the expertise and professionalism of the involved individuals and companies in ensuring a successful deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$68,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,547.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,067.85
Annual Debt Service$72,814.24
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