Chuck Andre & Scott Cutler Sell Medford, MA Multifamily For $1M
68 Billings Avenue & 70 Billings Avenue
$1,000,000
$228/SF
Building Size
4,368 SF
Asset Type
MultiFamily
Closing
Jun 3, 2024
AI
A two-family home at 68-70 Billings Ave in Medford, MA, was sold for $1,000,000, offering a prime opportunity for ownership in the desirable South Medford/Tufts area with convenient access to major routes, transportation, and amenities. The property consists of 2 units spanning 2,184 square feet, with each unit valued at $500,000 and a price per square foot of $458.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 68-70 Billings Avenue, Medford, MA
- Market: Medford, MA
- Brokers: Chuck Andre & Scott Cutler - RE/MAX Andrew Realty Services
The sale was facilitated by Chuck Andre & Scott Cutler from RE/MAX Andrew Realty Services, showcasing their expertise in the Medford real estate market. This transaction highlights their ability to connect buyers with prime investment opportunities in the South Medford/Tufts area.
Players
Quincy 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93