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News:
Owners Developers & Managers
Posted: July 21, 2017
Cawley of United Multi Family brokers $7 million sale
Waltham, MA United Multi Family (UMF) brokered the sale of a 33-unit apartment building at 45-49 Pond St. for $7 million ($212,121 per unit). The sale was handled by Rich Cawley of UMF.
The brick residences were built in 1969 and comprised of 1 two-bedroom, 17 one-bedrooms and 11 studios. All the units were renovated except one. There is off street parking and on-site laundry.
The CAP rate at the time of sale was 5.51% with the property having a gross annual income of $549,900.
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