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

Property Image
SOLD
$1,250,000

Massachusetts

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MultiFamily2,550 SF
Sold 06/21/2024
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Property Image
SOLD

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

71 Mystic Street

See Similar Deals
MultiFamily2,550 SF
Sold 06/21/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$490
Total Square Footage:2,550 SF
Transaction Type:Sale

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

1 deal$1.3M volume(617) 388-4988
BROKER

Details

SOLD
IMAGE: Jen DeNisco DATE: 06/21/2024 ADDRESS: 71 Mystic Street MARKET: Arlington, MA ASSET TYPE: Multifamily BROKER: Jen DeNisco (@JenDeNisco.Realtor) - Cameron Prestige SALE PRICE: $1,250,000 UNITS: 3 ~ PPU: $416,667 SF: 2,550 ~ PPSF: $490 NOTE: 71 Mystic St, Arlington, MA 02474, sold for $1,250,000. This 3-family house offers a prime investment opportunity in Arlington, with potential for significant value enhancement through updates and modernization, appealing particularly to contractors and developers looking to capitalize on the area's robust housing demand.

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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