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611 High Street

Sarah Rodewald Of SR Realty Represents Buyer In $1.47M Multifamily Sale In Medford MA
SOLDMultiFamily

Sarah Rodewald Of SR Realty Represents Buyer In $1.47M Multifamily Sale In Medford MA

611 High Street

$1,470,000

$366/SF

Building Size

4,011 SF

Asset Type

MultiFamily

Closing

Aug 2, 2024

AI

A 2-family home located at 611 High Street in Medford, MA, has been sold for $1,470,000. The multifamily property spans 4,011 square feet and features upgraded units that include central air and in-unit laundry. The exterior of the property has been newly painted, contributing to its overall appeal.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,470,000
  • Units: 2
  • Price Per Unit: $735,000
  • Square Footage: 4,011
  • Price Per Square Foot: $366
  • Buyer's Representative: Sarah Rodewald - SR Realty
  • Seller's Representative: Robyn Bonnett - Coldwell Banker
  • Date of Sale: 08/02/2024

The transaction involved key representatives in the real estate sector, with Sarah Rodewald from SR Realty representing the buyer and Robyn Bonnett from Coldwell Banker representing the seller. Their expertise contributed to the successful closing of this multifamily property in a desirable market area near Mystic River Park.

Players

Sarah Rodewald

SR Realty

Broker

$2.6M

vol

2 deals

Broker

Medford 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

10.79%

Cash-on-Cash

-3.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93