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Bill Gehan Sells Multifamily Property In Boston For $1.26M As Seller's Rep
SOLD
$1,260,000
Massachusetts
See Similar DealsMultiFamily4,310 SF
Sold 04/19/2024
SOLD
Bill Gehan Sells Multifamily Property In Boston For $1.26M As Seller's Rep
115 Elmer Road & 117 Elmer Road
See Similar DealsMultiFamily4,310 SF
Sold 04/19/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$292
Total Square Footage:4,310 SF
Transaction Type:Sale
The multifamily property located at 115-117 Elmer Road in Boston, MA was sold for $1,260,000. The property spans 2,155 square feet and was traded at a price per square foot of $585.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,260,000
- Address: 115-117 Elmer Road
- Market: Boston, MA
Dot Collection - Access, acting as the buyer's representative, facilitated the acquisition of the property. On the other side of the deal, Bill Gehan of Campion & Company Fine Homes Real Estate represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,476.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,973.04
Annual Debt Service$71,676.51
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