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Watertown Multifamily Sold For $1.1M With Patrick Hermans Of J. Borstell Real Estate
SOLD
$1,149,000
Massachusetts
See Similar DealsMultiFamily2,278 SF
Sold 10/13/2023
SOLD
Watertown Multifamily Sold For $1.1M With Patrick Hermans Of J. Borstell Real Estate
5 Fairview Avenue
See Similar DealsMultiFamily2,278 SF
Sold 10/13/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$504
Total Square Footage:2,278 SF
Transaction Type:Sale
A multifamily property located at 5 Fairview Avenue in Watertown, MA has been sold for a total price of $1,149,000. The transaction was facilitated by Patrick Hermans of J. Borstell Real Estate, Inc. This property offers a total square footage of 2,278, resulting in a price per square foot of $504.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,149,000
- Address: 5 Fairview Avenue, Watertown, MA
- Market: Watertown, MA
- Broker: Patrick Hermans - J. Borstell Real Estate, Inc.
- Square Footage: 2,278
- Price per Square Foot: $504
This successful transaction involved Patrick Hermans of J. Borstell Real Estate, Inc. as the broker. The property at 5 Fairview Avenue in Watertown, MA has now changed ownership for a total price of $1,149,000, showcasing the promising real estate market in this area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,279.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,082.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,446.85
Annual Debt Service$65,362.15
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