Redfin Corp. Acquires Multifamily Property For $1.125M In Malden, MA
SOLD
$1,125,000
Massachusetts
See Similar DealsMultiFamily2,995 SF
Sold 09/30/2021
SOLD
Redfin Corp. Acquires Multifamily Property For $1.125M In Malden, MA
51 Granville Avenue, Malden, MA 02148
See Similar DealsMultiFamily2,995 SF
Sold 09/30/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$375
Total Square Footage:2,995 SF
Transaction Type:Sale
An undisclosed multifamily property located at 51 Granville Ave in Malden, MA has been sold. The property spans a total area of 2,995 square feet. The sale took place on September 30, 2021, and the property was purchased for a total of $1,125,000, resulting in a price per square foot of $376.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,125,000
- Address: 51 Granville Ave, Malden, MA
- Square Footage: 2,995 sq ft
James Gulden from Redfin Corp. represented the buyer in the transaction, while Timothy Sheahan from LAER Realty Partners acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,996.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,333.07
Annual Debt Service$63,996.89
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