Will Natoli & Shane Marrion Of Benoit Real Estate Sell Multifamily Property In Malden, MA For $810K
SOLD
$810,000
Massachusetts
See Similar DealsMultiFamily2,710 SF
Sold
SOLD
Will Natoli & Shane Marrion Of Benoit Real Estate Sell Multifamily Property In Malden, MA For $810K
60-62 Watts Street, Malden, MA, USA
See Similar DealsMultiFamily2,710 SF
Sold
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$298
Total Square Footage:2710 SF
Transaction Type:Sale
The multifamily property located at 60-62 Watts Street in Malden, MA has been sold for a total price of $810,000. The property spans 2,710 square feet, resulting in a price per square foot of $299.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $810,000
- Date: 01/20/2021
- Address: 60-62 Watts Street, Malden, MA
The sale of this property was represented by Shane Marrion from Benoit Real Estate on behalf of the seller. Will Natoli from Compass acted as the buyer's representative in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$43,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,877.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,839.81
Annual Debt Service$46,077.76
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