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South Boston Multifamily Sells For $1.4M With Alex Robinson Real Estate
SOLD
$1,400,000
Massachusetts
See Similar DealsMultiFamily2,136 SF
Sold 09/05/2023
SOLD
South Boston Multifamily Sells For $1.4M With Alex Robinson Real Estate
157 O Street
See Similar DealsMultiFamily2,136 SF
Sold 09/05/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$655
Total Square Footage:2,136 SF
Transaction Type:Sale
In South Boston, MA, a multifamily property located at 157 O Street was sold for $1,400,000. The transaction was facilitated by Alex Robinson of Alex Robinson Real Estate. The property comprises 2,136 square feet and has a price per square foot (PPSF) of $655.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 157 O Street
- Market: South Boston, MA
- Square Footage: 2,136
- PPSF: $655
- Broker: Alex Robinson - Alex Robinson Real Estate
Alex Robinson of Alex Robinson Real Estate played a crucial role in facilitating the sale of this multifamily property in South Boston, MA. The transaction showcases the expertise and professionalism of both Alex Robinson and their firm.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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