Lexwin Realty Acquires Multifamily Property In Medford, MA For $1.2M
SOLD
$1,200,000
Massachusetts
See Similar DealsMultiFamily2,598 SF
Sold 05/09/2022
SOLD
Lexwin Realty Acquires Multifamily Property In Medford, MA For $1.2M
79 Pearson Road, Medford, Massachusetts 02144, United States
See Similar DealsMultiFamily2,598 SF
Sold 05/09/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$461
Total Square Footage:2,598 SF
Transaction Type:Sale
A multifamily property located at 79-81 Pearson Rd in Medford, MA has been sold for $1,200,000. The property spans 2,598 square feet, resulting in a price per square foot of $462.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Date: 05/09/2022
- Market: Medford, MA
Carlos Xu from Lexwin Realty represented the buyer in this transaction, while Joanne Hamilton from Century 21 Advance Realty represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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