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Multifamily Home In South Boston Sells For $2.4M With Jackie Rooney As The Broker
SOLD
$2,400,000
Massachusetts
See Similar DealsMultiFamily3,416 SF
Sold 08/23/2024
SOLD
Multifamily Home In South Boston Sells For $2.4M With Jackie Rooney As The Broker
116 Marine Road
See Similar DealsMultiFamily3,416 SF
Sold 08/23/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$702
Total Square Footage:3,416 SF
Transaction Type:Sale
A three-family home located at 116 Marine Road in Boston, MA, sold for $2.4 million. The property encompasses 3,416 square feet and features 7 bedrooms and 6.5 baths across its three units. Built in 1905, it was renovated in 2015 and was sold at a price per square foot of $703.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Units: 3
- Price Per Unit: $800,000
- Square Footage: 3,416
- Price Per Square Foot: $703
- Broker: Jackie Rooney - Rooney Real Estate
This transaction reflects the representation of Jackie Rooney from Rooney Real Estate, who acted as the broker in this sale, facilitating the exchange between parties in this multifamily property deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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