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Dwell360 Sells Multifamily Property In Newton, MA For $1.225M

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SOLD
$1,225,000

Massachusetts

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MultiFamily2,412 SF
Sold 06/07/2024
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SOLD

Dwell360 Sells Multifamily Property In Newton, MA For $1.225M

99-101 Charlesbank Road

See Similar Deals
MultiFamily2,412 SF
Sold 06/07/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$507
Total Square Footage:2,412 SF
Transaction Type:Sale

99-101 Charlesbank Rd in Newton, MA, sold for $1,225,000, presenting an enticing investment opportunity with its turnkey two-family layout in Newton Corner. The property consists of 2 units with a total square footage of 2,412, resulting in a price per unit of $612,500 and a price per square foot of $508.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,225,000
  • Address: 99-101 Charlesbank Road
  • Market: Newton, MA

Edward Johnston and John Lynch from Dwell360 facilitated the sale of 99-101 Charlesbank Rd in Newton, MA, showcasing their expertise in the real estate market of Newton Corner.

Players

John Lynch
2 deals$2.9M volume(617) 299-0012
BROKER

Edward Johnston
Dwell360
2 deals$2.9M volume(617) 299-1854
BROKER

Details

SOLD
IMAGE: Edward Johnston & John Lynch DATE: 06/07/2024 ADDRESS: 99-101 Charlesbank Road MARKET: Newton, MA ASSET TYPE: Multifamily BROKERS: Edward Johnston (@EddiewJ) & John Lynch (@JohnJLynch360) - Dwell360 (@Dwell360) SALE PRICE: $1,225,000 UNITS: 2 ~ PPU: $612,500 SF: 2,412 ~ PPSF: $508 NOTE: 99-101 Charlesbank Rd in Newton, MA, sold for $1,225,000, presenting an enticing investment opportunity with its turnkey two-family layout in Newton Corner.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,352.17
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