Menglu Li Of M&L Broker Services Represents Buyer In $1M Multifamily Sale In Waltham, MA

The multifamily property located at 75-83 Prospect Street, Waltham, MA, was sold for $1,000,000. The building encompasses a total of 4,079 square feet and features 12 beds and 5.5 baths. The asset includes 4 rented apartments, 5 SRO units, and an owner-occupied retail suite that will be delivered vacant, with the potential for subdivision.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,000,000
• Square Footage: 4,079
• Price Per Square Foot: $245
• Buyer’s Representative: Menglu Li - M&L Broker Services
• Seller’s Representative: Roberto Magno - Castlearch Property Advisors
• Monthly Rent: $10,500
• Address: 75-83 Prospect Street
• Market: Waltham, MA

The transaction involved the representation of the buyer by Menglu Li from M&L Broker Services and the seller by Roberto Magno of Castlearch Property Advisors, facilitating the deal between the respective parties for the multifamily property.