Erik & Meridee Olsen Acquire Multifamily Property In Watertown, MA For $1.6M
SOLD
$1,600,000
Massachusetts
See Similar DealsMultiFamily4,146 SF
Sold 06/09/2022
SOLD
Erik & Meridee Olsen Acquire Multifamily Property In Watertown, MA For $1.6M
92 Barnard Avenue, Watertown, Massachusetts 02472, United States
See Similar DealsMultiFamily4,146 SF
Sold 06/09/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$385
Total Square Footage:4,146 SF
Transaction Type:Sale
The multifamily property located at 92 Barnard Ave in Watertown, MA was recently sold for a total price of $1,600,000. The transaction took place on 06/09/2022. The property consists of two units, with a price per unit of $800,000. The total square footage of the property is 4,146, resulting in a price per square foot of $386.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Units: 2
- Price per Unit: $800,000
- Square Footage: 4,146
- Price per Square Foot: $386
The buyer of the property was Erik & Meridee Olsen, while Phillip Christo served as the seller. The deal was facilitated by the brokerage team consisting of Dan Loprete and Ari Koufos from Realty Executives.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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