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Keller Williams Acquires Multifamily Property In Waltham, MA For $1.3M

Property Image
SOLD
$1,325,000
Adriano Varano
Gary J. Marchese

Massachusetts

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MultiFamily3,654 SF
Sold
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Property Image
SOLD

Keller Williams Acquires Multifamily Property In Waltham, MA For $1.3M

9 Floyd Street

See Similar Deals
MultiFamily3,654 SF
Sold
Adriano Varano
Gary J. Marchese
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$362
Total Square Footage:3654 SF
Transaction Type:Sale

A multifamily property located at 9 Floyd Street in Waltham, Massachusetts, was sold for a total of $1,325,000. The property spans 3,654 square feet and was sold at an average price of $363 per square foot.

Summary of transaction details

The buyer in this transaction was represented by Adriano Varano of Keller Williams, while Gary J. Marchese of Marchese Realty Group acted as the seller's representative.

Players

Adriano Varano
Keller Williams Realty
Adriano Varano
4 deals$5.9M volume
BROKER
Gary J. Marchese
Marchese Realty Group
Gary J. Marchese
2 deals$2.6M volume(781) 891-8657
BROKER

Details

SOLD
IMAGE: Adriano Varano & Gary J. Marchese DATE: 10/02/2023 ADDRESS: 9 Floyd Street MARKET: Waltham, MA ASSET TYPE: Multifamily BUYER'S REP: Adriano Varano (@TheVaranoRealtyGroup) - Keller Williams (@KellerWilliamsRealty) SELLER'S REP: Gary J. Marchese (@Garyjymbob) - Marchese Realty Group SALE PRICE: $1,325,000 SF: 3,654 ~ PPSF: $363 NOTE: A multifamily property located at 9 Floyd Street in Waltham, Massachusetts, was sold for a total of $1,325,000. The buyer's representation was provided by Adriano Varano of Keller Williams, while Gary J. Marchese of Marchese Realty Group acted as the seller's representative.

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

$70,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,707.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,281.18
Annual Debt Service$75,374.11