Paul Scribner Acquires 3-Unit Multifamily In Medford For $1.625M
SOLD
$1,625,000
Massachusetts
See Similar DealsMultiFamily4,900 SF
Sold 05/21/2024
SOLD
Paul Scribner Acquires 3-Unit Multifamily In Medford For $1.625M
87 Forest Street
See Similar DealsMultiFamily4,900 SF
Sold 05/21/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$331
Total Square Footage:4,900 SF
Transaction Type:Sale
The multifamily property located at 87 Forest Street in Medford, MA, was sold for $1,625,000. The property features 3 units, with a total square footage of 4,900 and a price per unit of $541,667. The price per square foot for this transaction was $332.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,625,000
- Units: 3
- Square Footage: 4,900
- Price Per Unit: $541,667
- Price Per Square Foot: $332
- Address: 87 Forest Street, Medford, MA
Paul Scribner purchased the property from Nicole Matarrazo. The transaction was facilitated by Stephen Dixon from Cameron Real Estate Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$86,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,773.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,703.33
Annual Debt Service$92,439.95
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