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Cameron Real Estate Group Acquires Wellesley Multifamily For $1.21M
SOLD
$1,210,000
Massachusetts
See Similar DealsMultiFamily3,200 SF
Sold 10/11/2023
SOLD
Cameron Real Estate Group Acquires Wellesley Multifamily For $1.21M
62-64 Prospect Street
See Similar DealsMultiFamily3,200 SF
Sold 10/11/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$378
Total Square Footage:3,200 SF
Transaction Type:Sale
A multifamily property located at 62-64 Prospect Street in Wellesley, Massachusetts, has been sold for $1,210,000. The property spans 3,200 square feet with a price per square foot of $378.
Summary of transation details
- Property Type: MultiFamily
- Transaction Amount: $1,210,000
- Address: 62-64 Prospect Street
- Market: Wellesley, MA
The buyer's representative for this sale was George Leblanc from Cameron Real Estate Group. Representing the seller was Robert Marcus from Robert Marcus Real Estate Co.
The transaction was facilitated by George Leblanc representing the buyer and Robert Marcus representing the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,298.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,736.02
Annual Debt Service$68,832.21
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