facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

76 Lake Avenue

Ian Teng Acquires Multifamily Property In Framingham, MA For $1.05M
SOLDMultiFamily

Ian Teng Acquires Multifamily Property In Framingham, MA For $1.05M

76 Lake Avenue

$1,050,000

$388/SF

Building Size

2,700 SF

Asset Type

MultiFamily

Closing

Jun 20, 2024

AI

Located at 76 Lake Avenue in Framingham, MA, this multifamily property was sold for $1,050,000. The 2,700 square feet asset offers sweeping views of Waushakum Pond and features a renovated lower level apartment, solar panels, and access to outdoor recreational space at Anna Murphy Playground.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Units: 2
  • Price per Unit: $525,000
  • Price per Square Foot: $389
  • Address: 76 Lake Avenue, Framingham, MA
  • Market: Framingham, MA

The buyer's representative for this transaction was Ian Teng from Redfin, while the seller's representative was Collin Bray from Century 21 Cityside. Both played crucial roles in the successful sale of this unique waterfront property.

Players

Collin Bray

Century 21

Broker

$26.6M

vol

9 deals

Broker

Framingham MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93