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Mike Colombo Of Suburban Lifestyle Real Estate Acquires Multifamily In Watertown For $1.26M
SOLD
Massachusetts
See Similar DealsMultiFamily5,976 SF
Sold 06/17/2024
SOLD
Mike Colombo Of Suburban Lifestyle Real Estate Acquires Multifamily In Watertown For $1.26M
62 Bradford Road & 64 Bradford Road
See Similar DealsMultiFamily5,976 SF
Sold 06/17/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$211
Total Square Footage:5,976 SF
Transaction Type:Sale
62-64 Bradford Rd in Watertown, MA, sold for $1,262,500, featuring a meticulously maintained oversized two-family home with a total of 6 beds and 3 baths across 15 rooms.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,262,500
- Address: 62-64 Bradford Road
- Market: Watertown, MA
- Units: 2
- Price Per Unit: $631,250
- Square Footage: 2,988
- Price Per Square Foot: $423
Mike Colombo from Suburban Lifestyle Real Estate represented the buyer in this transaction. On the other side, Ann DiMascio from Century 21 Shawmut Properties served as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,485.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,984.89
Annual Debt Service$71,818.73
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