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Two-Family Property Sold In Watertown, MA For $1.29M By Buyer's REP Alex J. Mackenzie
SOLD
$1,290,000
Massachusetts
See Similar DealsMultiFamily2,644 SF
Sold 06/10/2024
SOLD
Two-Family Property Sold In Watertown, MA For $1.29M By Buyer's REP Alex J. Mackenzie
89-91 Boylston Street
See Similar DealsMultiFamily2,644 SF
Sold 06/10/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$487
Total Square Footage:2,644 SF
Transaction Type:Sale
A two-family property at 89-91 Boylston St in Watertown, MA, was sold for $1,290,000. Located in East Watertown/Mount Auburn, the fully owner-occupied property features original character details, separate systems, updated electrical, and parking for 4 cars off-street.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,290,000
- Units: 2
- Price per Unit: $645,000
- Square Footage: 2,644
- Price per Square Foot: $488
- Address: 89-91 Boylston Street, Watertown, MA
- Market: Watertown, MA
Full Circle Realty represented the buyer in the transaction, while The Team from Real Estate Advisors at Coldwell Banker Realty in Cambridge represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$68,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,583.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,115.26
Annual Debt Service$73,383.10
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