Wilson Group Acquires Multifamily Property On Clapp St, Malden, MA For $1.003M
SOLD
$1,003,142
Massachusetts
See Similar DealsMultiFamily2,464 SF
Sold 05/13/2022
SOLD
Wilson Group Acquires Multifamily Property On Clapp St, Malden, MA For $1.003M
5-7 Clapp Street, Malden, Massachusetts 02148, United States
See Similar DealsMultiFamily2,464 SF
Sold 05/13/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$407
Total Square Footage:2,464 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,500.90
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,563.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,755.40
Annual Debt Service$57,064.86
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