Updated Dec 18, 2023
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
Woburn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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