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568 Main Street, Woburn, Ma...

Updated Dec 18, 2023

Spadafora Team - RE/MAX Andrew Realty Services Sells Multifamily Property In Woburn, MA For $1.9M
SOLDMultiFamily

Spadafora Team - RE/MAX Andrew Realty Services Sells Multifamily Property In Woburn, MA For $1.9M

568 Main Street, Woburn, Massachusetts 01801, United States

$1,942,500

$427/SF

Building Size

4,543 SF

Asset Type

MultiFamily

Closing

Mar 30, 2022

About this deal

AI

The multifamily property located at 568 Main St in Woburn, MA has been sold for a total of $1,942,500. The transaction was completed on 03/31/2022. The property consists of 5 units, with an average price per unit of $388,500. The total square footage of the property is 4,543, resulting in a price per square foot of $428.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,942,500
  • Address: 568 Main St, Woburn, MA
  • Date: 03/31/2022
  • Units: 5
  • Price per Unit: $388,500
  • Square Footage: 4,543
  • Price per Square Foot: $428

The sale of this multifamily property was facilitated by the Spadafora Team from RE/MAX Andrew Realty Services. They acted as the broker in the transaction, representing the parties involved. The involvement of qualified professionals ensured a smooth and successful closing.

Players

Roland Spadafora

Re/Max

Broker

$1.9M

vol

1 deal

Broker

Woburn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $427 per square foot on a published $1.9M for 4,543 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.17%

Cash-on-Cash

-2.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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