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1407 Blue Hill Avenue

Updated Dec 4, 2024

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

$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

Pierre Grandoit

Freedom Realty

Broker

$1.2M

vol

1 deal

Broker

Mattapan MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $238 per square foot on a published $1.2M for 5,029 square feet (2024).

Visit Freedom Realty to view all their deals.

Browse Mattapan multifamily sales on Traded.

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

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