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12 Ashland Street

James Harrison & Colleen Foulsham Facilitate $2.1M Sale Of Boston Multifamily Property
SOLDMultiFamily

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

Colleen Foulsham

FC Realty Group

Broker

$4.3M

vol

3 deals

Broker

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