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Alp Kantar & Christine Do Facilitate $1.35M Sale Of Dorchester Multifamily

Property Image
SOLD
$1,350,000

Massachusetts

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MultiFamily3,735 SF
Sold 05/31/2024
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Property Image
SOLD

Alp Kantar & Christine Do Facilitate $1.35M Sale Of Dorchester Multifamily

1148 Dorchester Avenue

See Similar Deals
MultiFamily3,735 SF
Sold 05/31/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$361
Total Square Footage:3,735 SF
Transaction Type:Sale

1148 Dorchester Ave in Boston, MA, was sold for $1.35 million, offering a prime investment opportunity in the sought-after Savin Hill area. The property, a multifamily asset, spans 3,735 square feet and features units with 4 bedrooms each. Conveniently located near transportation, highways, and amenities, this triple-decker presents the potential for updates and expansion, making it an attractive addition to any real estate portfolio.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Address: 1148 Dorchester Avenue
  • Market: Dorchester, MA
  • Price per Square Foot: $361
  • Buyer's Rep: Alp Kantar - Boston Brokerage Group
  • Seller's Rep: Christine Do - Keller Williams

Alp Kantar, representing the buyer in the deal, hails from Boston Brokerage Group. On the other side, Christine Do, from Keller Williams, served as the seller's representative. Both played crucial roles in facilitating the transaction, showcasing their expertise in the real estate market.

Players

Christine Do
8 deals$12.5M volume
BROKER

Alp Kantar
Boston Brokerage Group
13 deals$28.7M volume
BROKER

Details

SOLD
IMAGE: Alp Kantar & Christine Do DATE: 05/31/2024 ADDRESS: 1148 Dorchester Avenue MARKET: Dorchester, MA ASSET TYPE: Multifamily BUYER'S REP: Alp Kantar - Boston Brokerage Group (@Boston_Brokerage_Group) SELLER'S REP: Christine Do - Keller Williams (@KellerWilliamsRealty) SALE PRICE: $1,350,000 SF: 3,735 ~ PPSF: $361 NOTE: 1148 Dorchester Ave in Boston, MA, sold for $1.35 million, offering a prime investment opportunity in the sought-after Savin Hill area. With each unit featuring 4 bedrooms and conveniently located near transportation, highways, and amenities, this triple-decker presents potential for updates and expansion, making it an attractive addition to any real estate portfolio.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$72,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26