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Marcus & Millichap Sells 22-Unit Multifamily Property In Waltham, MA For $6.05M

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SOLD
$6,050,000

Massachusetts

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MultiFamily17,364 SF
Sold
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Property Image
SOLD

Marcus & Millichap Sells 22-Unit Multifamily Property In Waltham, MA For $6.05M

50 Walnut Street, Waltham, Massachusetts, USA

See Similar Deals
MultiFamily17,364 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$348
Total Square Footage:17,364 SF
Transaction Type:Sale

A multifamily property located at 50-58 Walnut Street in Waltham, MA has been sold for $6,050,000. The property consists of 22 units, with a price per unit (PPU) of $275,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,050,000
  • Market: Waltham, MA
  • Units: 22
  • PPU: $275,000

The sale was facilitated by Evan Griffith, Tony Pepdjonovic, and Jeremy Buckley from Marcus & Millichap.

Players

Jeremy Buckley
12 deals$55.8M volume(781) 413-6250
BROKER

Evan Griffith
Marcus & Millichap
65 deals$388M volume
BROKER

Tony Pepdjonovic
Marcus & Millichap
77 deals$383.6M volume
BROKER

Details

SOLD
IMAGE: Evan Griffith, Tony Pepdjonovic & Jeremy Buckley DATE: 11/19/2021 ADDRESS: 50-58 Walnut Street MARKET: Waltham, MA ASSET TYPE: Multifamily BROKERS: Evan Griffith, Tony Pepdjonovic & Jeremy Buckley - Marcus & Millichap SALE PRICE: $6,050,000 UNITS: 22 ~ PPU: $275,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$322,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,494.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,680.09
Annual Debt Service$344,161.04