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Richard D. Baker & Katherine E. Baker Acquire South Boston Multifamily For $1.2M

Property Image
SOLD
$1,213,500

Massachusetts

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MultiFamily2,031 SF
Sold 03/01/2021
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Property Image
SOLD

Richard D. Baker & Katherine E. Baker Acquire South Boston Multifamily For $1.2M

117 Dresser St, South Boston, Boston, MA, USA

See Similar Deals
MultiFamily2,031 SF
Sold 03/01/2021
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$597
Total Square Footage:2,031 SF
Transaction Type:Sale

The multifamily property located at 117 Dresser St in South Boston, MA was recently sold. The property spans 2,031 square feet and was sold for a price of $1,213,500, resulting in a price per square foot of $597.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,213,500
  • Address: 117 Dresser St, South Boston, MA
  • Market: South Boston, MA
  • Square Footage: 2,031
  • Price per Square Foot: $597

The buyers involved in this transaction are Richard D. Baker and Katherine E. Baker.

Players

RB
Richard Baker
2 deals$202.2M volume
BUYER

Details

SOLD
IMAGE: 03/01/2021 ADDRESS: 117 Dresser St MARKET: South Boston, MA ASSET TYPE: Multifamily BUYER: Richard D. Baker & Katherine E. Baker PRICE: $1,213,500 SF: 2,031 ~ PPSF: $597

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

$64,720.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,311.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,752.61
Annual Debt Service$69,031.31