Updated Dec 4, 2024
$1.2M Multifamily Sale In Boston, MA At 1407 Blue Hill Avenue
1407 Blue Hill Avenue
$1,200,000
$238/SF
Building Size
5,029 SF
Asset Type
MultiFamily
Closing
May 30, 2024
About this deal
AI
A 3-family house in Boston, MA, located at 1407 Blue Hill Ave, was sold for $1.2 million, offering great income potential and easy access to Mattapan Square and the City of Boston. The property consists of 3 units with a total square footage of 5,029, resulting in a price per unit of $400,000 and a price per square foot of $239.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 3
- Price per Unit: $400,000
- Square Footage: 5,029
- Price per Square Foot: $239
- Address: 1407 Blue Hill Avenue, Boston, MA
The deal was facilitated by Pierre Grandoit from Freedom Realty, representing the parties involved in the sale of the multifamily property. The transaction underscores the demand for residential investment properties in Boston, promising lucrative returns for the new owners.
Players
Mattapan 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93