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$1.2M Multifamily Sale In Boston, MA At 1407 Blue Hill Avenue

Property Image
SOLD
$1,200,000

Massachusetts

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MultiFamily5,029 SF
Sold 05/30/2024
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Property Image
SOLD

$1.2M Multifamily Sale In Boston, MA At 1407 Blue Hill Avenue

1407 Blue Hill Avenue

See Similar Deals
MultiFamily5,029 SF
Sold 05/30/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$238
Total Square Footage:5,029 SF
Transaction Type:Sale

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

1 deal$1.2M volume
BROKER

Details

SOLD
IMAGE: 05/30/2024 ADDRESS: 1407 Blue Hill Avenue MARKET: Boston, MA ASSET TYPE: Multifamily BROKER: Pierre Grandoit - Freedom Realty SALE PRICE: $1,200,000 UNITS: 3 ~ PPU: $400,000 SF: 5,029 ~ PPSF: $239 NOTE: 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.

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

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35