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

Property Image
SOLD
$1,270,000
Sal Dipinto
Ayssa Ribeiro

Massachusetts

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MultiFamily6,000 SF
Sold 06/27/2024
the dealplayerscompscontact
Property Image
SOLD

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

848 Fellsway & 850 Fellsway

See Similar Deals
MultiFamily6,000 SF
Sold 06/27/2024
Sal Dipinto
Ayssa Ribeiro
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$211
Total Square Footage:6,000 SF
Transaction Type:Sale

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
Sal Dipinto
1 deal$1.3M volume(781) 367-9473
BROKER
Ayssa Ribeiro
Settlers Realty Group
Ayssa Ribeiro
1 deal$1.3M volume(774) 541-1172
BROKER

Details

SOLD
IMAGE: Sal Dipinto & Ayssa Ribeiro DATE: 06/27/2024 ADDRESS: 848-850 Fellsway MARKET: Medford, MA ASSET TYPE: Multifamily BUYER'S REP: Ayssa Ribeiro (@AyssaRibeiro) - Settlers Realty Group SELLER'S REP: Sal Dipinto - Coldwell Banker (@ColdwellBanker) SALE PRICE: $1,270,000 UNITS: 3 ~ PPU: $423,333 SF: 3,000 ~ PPSF: $423 NOTE: 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.

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

$67,733.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,512.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,020.45
Annual Debt Service$72,245.38