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1215 Blue Hill Avenue Multifamily Sold For $1M With Buyer's Rep Christopher Mehr & Seller's Rep Walter Weekes
SOLD
$1,000,000
Massachusetts
See Similar DealsMultiFamily4,408 SF
Sold 01/09/2024
SOLD
1215 Blue Hill Avenue Multifamily Sold For $1M With Buyer's Rep Christopher Mehr & Seller's Rep Walter Weekes
1215 Blue Hill Avenue
See Similar DealsMultiFamily4,408 SF
Sold 01/09/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$226
Total Square Footage:4,408 SF
Transaction Type:Sale
A multifamily property located at 1215 Blue Hill Avenue in Mattapan, MA, has been successfully sold for a price of $1,000,000. The property spans 4,408 square feet, resulting in a price per square foot of $227.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,000,000
- Square Footage: 4,408
- Price per Square Foot: $227
- Address: 1215 Blue Hill Avenue, Mattapan, MA
This transaction involved Christopher Mehr from Full Circle Realty representing the buyer and Walter Weekes from Era Key Realty representing the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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