Wilson Group Acquires Multifamily Property On Clapp St, Malden, MA For $1.003M
5-7 Clapp Street, Malden, Massachusetts 02148, United States
$1,003,142
$407/SF
Building Size
2,464 SF
Asset Type
MultiFamily
Closing
May 12, 2022
AI
A multifamily property located at 5-7 Clapp St in Malden, MA has been sold for a total price of $1,003,142. The property consists of 2 units with a total square footage of 2,464. The price per unit is $501,571 and the price per square foot is $407.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,003,142
- Units: 2
- Square Footage: 2,464
- Price per Unit: $501,571
- Price per Square Foot: $407
The buyer's representative for this transaction was the Wilson Group from Keller Williams Realty, while the seller's representative was Andrew Sarno from RE/MAX Andrew Realty Services.
Players
Malden 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
15.81%
Cash-on-Cash
-4.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93