Shasha Chang & Diane Marcoux Facilitate $2.18M Multifamily Sale In Wellesley, MA
440 Washington Street
$2,180,000
$690/SF
Building Size
3,156 SF
Asset Type
MultiFamily
Closing
Apr 1, 2024
AI
440 Washington St in Wellesley, MA, sold for $2,180,000. This completely renovated two-family home offers modern amenities, strong rental history, and convenient access to shops, schools, and commuter rail, presenting versatile possibilities for homeowners or investors.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,180,000
- Units: 2
- Price Per Unit: $1,090,000
- Square Footage: 3,156
- Price Per Square Foot: $691
- Address: 440 Washington Street, Wellesley, MA
- Market: Wellesley, MA
Shasha Chang from Peace of Mind Realty represented the buyer in the transaction, while Diane Marcoux from Charney Real Estate represented the seller.
Players
Wellesley Hills 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
7.28%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93