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Elaine Leonard & Dory Noll Facilitate $1.25M Sale Of Milton Multifamily

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SOLD
$1,250,000

Massachusetts

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MultiFamily3,492 SF
Sold 04/25/2024
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Property Image
SOLD

Elaine Leonard & Dory Noll Facilitate $1.25M Sale Of Milton Multifamily

71-73 Warren Avenue

See Similar Deals
MultiFamily3,492 SF
Sold 04/25/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$358
Total Square Footage:3,492 SF
Transaction Type:Sale

A two-family home located at 71-73 Warren Avenue in Milton, MA, was sold for $1,250,000. The property consists of 7 beds, 3 baths, spans 3,492 square feet, and was sold at a price of $358 per square foot. The transaction was facilitated by Elaine Leonard of Northland Residential Corp representing the buyer and Dory Noll of Coldwell Banker Realty representing the seller.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,250,000
  • Units: 2
  • Price Per Unit: $625,000
  • Square Footage: 3,492
  • Price Per Square Foot: $358
  • Address: 71-73 Warren Avenue, Milton, MA
  • Market: Milton, MA

Elaine Leonard, from Northland Residential Corp, represented the buyer in this transaction. On the other hand, Dory Noll of Coldwell Banker Realty represented the seller of the two-family home in Milton. The property boasts modern amenities, including central AC and in-unit laundry, adding value to the sale.

Players

Dory Noll
1 deal$1.3M volume(508) 596-5123
BROKER

Elaine Leonard
Northland
1 deal$1.3M volume(781) 229-4719
BROKER

Details

SOLD
IMAGE: Elaine Leonard & Dory Noll DATE: 04/25/2024 ADDRESS: 71-73 Warren Avenue MARKET: Milton, MA ASSET TYPE: Multifamily BUYER'S REP: Elaine Leonard - Northland Residential Corp SELLER'S REP: Dory Noll (@DoryTheRealtor) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $1,250,000 UNITS: 2 ~ PPU: $625,000 SF: 3,492 ~ PPSF: $358 NOTE: A two-family home in Milton, MA, sold for $1,250,000 after a buyer's financing fell through. The property features 7 beds, 3 baths, and modern amenities such as central AC and in-unit laundry, listed by Dory Noll of Coldwell Banker Realty - Milton and purchased with Elaine Leonard of Northland Residential Corp.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$66,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65