facebook
Traded Co logo
Submit
Daily limit: 0/10

Fenway Group Acquires Multifamily Property In East Boston For $1.285M

Property Image
SOLD
$1,285,000

Massachusetts

See Similar Deals
MultiFamily2,780 SF
Sold 06/05/2024
the dealplayerscompscontact
Property Image
SOLD

Fenway Group Acquires Multifamily Property In East Boston For $1.285M

101 Chelsea Street

See Similar Deals
MultiFamily2,780 SF
Sold 06/05/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$462
Total Square Footage:2,780 SF
Transaction Type:Sale

A meticulously maintained 3-family residence at 101 Chelsea Street in East Boston sold for $1,285,000. The property features modern amenities such as hardwood floors, granite countertops, and stainless steel appliances in each unit. With a total square footage of 2,780, the sale price translates to a per unit price of $428,333 and a price per square foot of $462.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,285,000
  • Units: 3
  • Square Footage: 2,780
  • Price Per Unit: $428,333
  • Price Per Square Foot: $462
  • Address: 101 Chelsea Street, East Boston, MA
  • Buyer's Rep: The Fenway Group - Compass
  • Seller's Rep: Zachary Conley - Nextgen Realty

In this transaction, The Fenway Group - Compass represented the buyer, while Zachary Conley from Nextgen Realty represented the seller. The deal presents an investment opportunity for hassle-free rental income in a well-maintained property located in East Boston.

Players

Zachary Conley
4 deals$7.2M volume(617) 982-8607
BROKER

Details

SOLD
IMAGE: Zachary Conley DATE: 06/05/2024 ADDRESS: 101 Chelsea Street MARKET: East Boston, MA ASSET TYPE: Multifamily BUYER'S REP: The Fenway Group - Compass (@Compass) SELLER'S REP: Zachary Conley (@Boston_Bitcoin) - Nextgen Realty SALE PRICE: $1,285,000 UNITS: 3 ~ PPU: $428,333 SF: 2,780 ~ PPSF: $462 NOTE: A meticulously maintained 3-family residence at 101 Chelsea Street in East Boston sold for $1,285,000, presenting an investment opportunity for hassle-free rental income with modern amenities such as hardwood floors, granite countertops, and stainless steel appliances in each unit.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$68,533.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,565.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,091.56
Annual Debt Service$73,098.67