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Stony Brook & Lennox Realty Advisors Sells Boston Multifamily Property For $1.45M

Property Image
SOLD
$1,450,000

Massachusetts

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MultiFamily5,000 SF
Sold 06/14/2024
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Property Image
SOLD

Stony Brook & Lennox Realty Advisors Sells Boston Multifamily Property For $1.45M

14 Everton Street

See Similar Deals
MultiFamily5,000 SF
Sold 06/14/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$290
Total Square Footage:5,000 SF
Transaction Type:Sale

A multi-family property located at 14 Everton Street in Boston, MA, was recently sold for $1.45 million. This property consists of 3 units, totaling 5,000 square feet with a price per unit of $483,333 and a price per square foot of $290.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,450,000
  • Units: 3
  • Square Footage: 5,000
  • Market: Boston, MA

The sale of this Dorchester, MA property was facilitated by Markese Daise from Stony Brook & Lennox Realty Advisors. The property features 14 bedrooms, 5 baths, and has the potential to generate up to $162,000 annually. Situated near public transit, this property offers convenient access to downtown Boston, enhancing its investment appeal.

Players

Markese Daise
15 deals$22.4M volume
BROKER

Details

SOLD
IMAGE: Markese Daise DATE: 06/14/2024 ADDRESS: 14 Everton Street MARKET: Boston, MA ASSET TYPE: Multifamily BROKER: Markese Daise (@MarkeseDaise__RealEstate) - Stony Brook & Lennox Realty Advisors (@StonyBrookLennoxRealty) SALE PRICE: $1,450,000 UNITS: 3 ~ PPU: $483,333 SF: 5,000 ~ PPSF: $290 NOTE: A Dorchester, MA multi-family property with four units sold for $1.45M. Featuring 14 bedrooms, 5 baths, and generating up to $162,000 annually, the property offers strong investment potential and is near public transit for convenient access to downtown Boston.

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

$77,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88