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
Medford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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