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Mathieu Newton Sotheby's Int'l Realty Sells Watertown Multifamily For $1.41M
SOLD
Massachusetts
See Similar DealsMultiFamily
Sold 06/12/2024
SOLD
Mathieu Newton Sotheby's Int'l Realty Sells Watertown Multifamily For $1.41M
4-8 Adams Street
See Similar DealsMultiFamily
Sold 06/12/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
A classic triple decker located at 4-8 Adams Street in Watertown, MA, was successfully sold for $1,410,000. The property consists of three units, offering a total of seven beds and three baths, spanning across approximately 3,742 square feet of space.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,410,000
- Address: 4-8 Adams Street
- Market: Watertown, MA
- Units: 3
- Price per Unit: $470,000
The buyer's representative for this transaction was Paul Neavyn from Mathieu Newton Sotheby's International Realty, while the seller's representative was Robin Repucci from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$75,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,009.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,684.12
Annual Debt Service$80,209.43
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