WALTHAM, MA–United Multi Family brokered the sale of a 12-unit townhouse apartment building at 2-24 Lawton Place in Waltham, MA.
The property sold for $3,475,000 ($289,583 per unit) and a 5.27% Cap Rate.
Handled by Rich Cawley, Kurt Cawley, and Kyle Gossett of UMF the property was sold by 2 Lawton LLC to Lawton Place Townhomes LLC, a local investor.
Financing was provided by Cambridge Trust. Cornerstone Realty Capital handled the financing. The property benefited from it’s transit-oriented location near the Waltham MBTA commuter rail stop, and was well received by investors as a value-add offering in one of Greater Boston’s strongest rental markets.
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