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Suzanna Krmzian Of Lamacchia Realty Represents Buyer In $1.1M Watertown Multifamily Sale

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SOLD
$1,100,000

Massachusetts

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MultiFamily3,912 SF
Sold 07/15/2024
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Property Image
SOLD

Suzanna Krmzian Of Lamacchia Realty Represents Buyer In $1.1M Watertown Multifamily Sale

8 Purvis Street

See Similar Deals
MultiFamily3,912 SF
Sold 07/15/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$281
Total Square Footage:3,912 SF
Transaction Type:Sale

A classic two-family home located at 8 Purvis Street in Watertown, MA, was sold for $1,100,000. The property consists of 2 units, offering a total of 3,912 square feet of living space. The purchase price per unit was $550,000, and the price per square foot was $281. It includes 6 bedrooms, 2 baths, and a detached 2-car garage.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Units: 2
  • Square Feet: 3,912
  • Price Per Unit: $550,000
  • Price Per Square Foot: $281
  • Buyer's Representative: Suzanna Krmzian - Lamacchia Realty
  • Seller's Representative: O'Connor & Highland - Keller Williams Boston-Metro

This transaction involved key representatives from the real estate sector, with Suzanna Krmzian representing the buyer and O'Connor & Highland acting as the seller's representative. The property is situated conveniently near Watertown Square, Route 90, and local amenities, adding to its appeal in the Watertown market.

Players

Suzanna Krmzian
2 deals$2.4M volume
BROKER

Details

SOLD
IMAGE: Suzanna Krmzian DATE: 07/15/2024 ADDRESS: 8 Purvis Street MARKET: Watertown, MA ASSET TYPE: Multifamily BUYER'S REP: Suzanna Krmzian (@SuzannaKrmzianRealtor) - Lamacchia Realty (@LamacchiaRealty) SELLER'S REP: O'Connor & Highland - Keller Williams Boston-Metro (@KWBostonMetro) SALE PRICE: $1,100,000 UNITS: 2 ~ PPU: $550,000 SF: 3,912 ~ PPSF: $281 NOTE: A classic two-family home in Watertown's West End sold for $1,100,000, featuring 6 bedrooms, 2 baths, and a detached 2-car garage. This property offers over 3,000 square feet of living space and is conveniently located near Watertown Square, Route 90, and local amenities.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
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