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Dwell360 Sells Multifamily Property In Newton, MA For $1.225M
SOLD
Massachusetts
See Similar DealsMultiFamily2,412 SF
Sold 06/07/2024
SOLD
Dwell360 Sells Multifamily Property In Newton, MA For $1.225M
99-101 Charlesbank Road
See Similar DealsMultiFamily2,412 SF
Sold 06/07/2024
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,352.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,807.12
Annual Debt Service$69,685.50
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