James Harrison & Colleen Foulsham Facilitate $2.1M Sale Of Boston Multifamily Property
12 Ashland Street
$2,100,000
$390/SF
Building Size
5,376 SF
Asset Type
MultiFamily
Closing
Apr 4, 2024
AI
A six-family property located at 12 Ashland Street in Dorchester's Clam Point, Boston, was recently sold for $2.1 million. The property consists of six 2-bedroom units with a total square footage of 5,376 square feet, equating to a price per unit of $350,000 and a price per square foot of $391. It is positioned in a prime location near transportation and amenities, offering strong rental income potential or the opportunity for condo conversion.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Units: 6
- Square Footage: 5,376
- Price per Unit: $350,000
- Price per Square Foot: $391
- Address: 12 Ashland Street
- Market: Boston, MA
James Harrison of Boston Bayside Properties represented the buyer in this transaction, while Colleen Foulsham from FC Realty Group acted as the seller's representative. The deal signifies a successful acquisition and sale process facilitated by these professionals within the Boston real estate market.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93