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71 Mystic Street

Updated Dec 4, 2024

Jen DeNisco Of Cameron Prestige Brokers $1.25M Multifamily Sale In Arlington, MA
SOLDMultiFamily

Jen DeNisco Of Cameron Prestige Brokers $1.25M Multifamily Sale In Arlington, MA

71 Mystic Street

$1,250,000

$490/SF

Building Size

2,550 SF

Asset Type

MultiFamily

Closing

Jun 21, 2024

About this deal

AI

The property at 71 Mystic St, Arlington, MA 02474, was sold for $1,250,000. This multifamily asset comprises 3 units with a total square footage of 2,550. The price per unit stands at $416,667, and the price per square foot is $490. The property presents a valuable investment opportunity in Arlington, offering the potential for value enhancement through updates and modernization.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,250,000
  • Units: 3
  • Square Footage: 2,550
  • Price per Unit: $416,667
  • Price per Square Foot: $490
  • Address: 71 Mystic Street, Arlington, MA
  • Market: Arlington, MA

Jen DeNisco from Cameron Prestige represented the transaction as the broker, showcasing her expertise in facilitating deals within the real estate market. The sale of this multifamily property underscores the demand and opportunities present in the housing sector of Arlington, MA.

Players

Jen DeNisco

Cameron Prestige

Broker

$1.3M

vol

1 deal

Broker

Arlington MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $490 per square foot on a published $1.3M for 2,550 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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