Joseph Kelly Purchases Multifamily Asset From David Rufo In Walpole For $3.55M
680 Washington Street
$3,550,000
$326/SF
Building Size
10,862 SF
Asset Type
MultiFamily
Closing
Jun 29, 2025
AI
The multifamily asset located at 680 Washington Street in Walpole, MA, has been sold for $3,550,000. The property comprises 15 units, with a price per unit of $236,666. The total square footage of the asset is 10,862, resulting in a price per square foot of $326.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,550,000
- Units: 15
- Price Per Unit: $236,666
- Square Footage: 10,862
- Price Per Square Foot: $326
- Buyer: Joseph Kelly
- Seller: David Rufo
- Brokers: Dean Santangelo & Liz Errichetto - Coldwell Banker; Hunter J. Barron - Today Real Estate
The transaction involved key individuals including buyer Joseph Kelly and seller David Rufo, with representation from brokers Dean Santangelo and Liz Errichetto of Coldwell Banker, along with Hunter J. Barron of Today Real Estate, facilitating the sale process between both parties.
Players
Walpole MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93