Updated Dec 4, 2024
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
Arlington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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