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12 Mitchell St, Columbus Pa...

Updated Oct 28, 2024

South Boston Nbrhd Dev Acquires Multifamily Property On 12 Mitchell St For $1.4M
SOLDMultiFamily

South Boston Nbrhd Dev Acquires Multifamily Property On 12 Mitchell St For $1.4M

12 Mitchell St, Columbus Park / Andrew Square, Boston, MA, USA

$1,400,000

$680/SF

Building Size

2,056 SF

Asset Type

MultiFamily

Closing

Jun 2, 2021

About this deal

AI

The multifamily property located at 12 Mitchell St in South Boston, MA was recently sold in a closed transaction on 06/03/2021. The property spans across 2,056 square feet and was sold for a total price of $1,400,000, resulting in a price per square foot of $681. The property consists of 3 units, with an average price per unit of $466,667.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Address: 12 Mitchell St
  • Market: South Boston, MA
  • Square Footage: 2,056
  • Price per Square Foot: $681
  • Number of Units: 3
  • Price per Unit: $466,667

The seller of the property was Colm Dunphy, while the buyer was South Boston Nbrhd Dev. Both parties were represented by their respective brokers during the transaction.

Players

South Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $680 per square foot on a published $1.4M for 2,056 square feet (2021).

Browse South Boston multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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