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440 Washington Street

Shasha Chang & Diane Marcoux Facilitate $2.18M Multifamily Sale In Wellesley, MA
SOLDMultiFamily

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

Shasha Chang

Peace of Mind Realty

Broker

$4.2M

vol

3 deals

Broker

Wellesley Hills MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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