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848 Fellsway

Updated Dec 4, 2024

Ayssa Ribeiro Acquires Multifamily Property In Medford, MA For $1.27M
SOLDMultiFamily

Ayssa Ribeiro Acquires Multifamily Property In Medford, MA For $1.27M

848 Fellsway & 850 Fellsway

$1,270,000

$211/SF

Building Size

3,000 SF

Asset Type

MultiFamily

Closing

Jun 27, 2024

About this deal

AI

The property at 848-850 Fellsway, Medford, MA 02155, sold for $1,270,000. This three-family home on a corner lot features six bedrooms and three baths, boasting replacement windows, hardwood floors, and maintenance-free vinyl siding.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,270,000
  • Units: 3
  • Price Per Unit: $423,333
  • Square Footage: 3,000
  • Price Per Square Foot: $423
  • Address: 848-850 Fellsway, Medford, MA 02155
  • Market: Medford, MA

The buyer's representative in the deal was Ayssa Ribeiro from Settlers Realty Group, while the seller's representative was Sal Dipinto from Coldwell Banker.

Players

Sal Dipinto

Coldwell Banker

Broker

$1.3M

vol

1 deal

Broker

Medford MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $211 per square foot on a published $1.3M for 6,000 square feet (2024).

Visit Coldwell Banker to view all their deals.

Browse Medford multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.49%

Cash-on-Cash

-3.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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