Aikenhead Real Estate Acquires Multifamily Property On Lakehill Avenue In Arlington For $1.2M
SOLD
$1,205,000
Massachusetts
See Similar DealsMultiFamily2,286 SF
Sold 03/30/2021
SOLD
Aikenhead Real Estate Acquires Multifamily Property On Lakehill Avenue In Arlington For $1.2M
9 Lakehill Ave #11, Arlington, MA 02474, USA
See Similar DealsMultiFamily2,286 SF
Sold 03/30/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$527
Total Square Footage:2,286 SF
Transaction Type:Sale
Located at 9-11 Lakehill Avenue in Arlington, MA, this multifamily property was recently sold. The sale was facilitated by Nellie Aikenhead from Aikenhead Real Estate, Inc.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,205,000
- Square Footage: 2,286
- Price Per Square Foot: $527
The property was sold for a total of $1,205,000, with a square footage of 2,286. The price per square foot was $527. Nellie Aikenhead from Aikenhead Real Estate, Inc. represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,281.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,712.31
Annual Debt Service$68,547.78
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