Updated Dec 4, 2024
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
Medford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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