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Rooney Real Estate Sells Dorchester Multifamily For $1.059M
SOLD
$1,059,000
Massachusetts
See Similar DealsMultiFamily4,950 SF
Sold 06/04/2024
SOLD
Rooney Real Estate Sells Dorchester Multifamily For $1.059M
1635 Dorchester Avenue
See Similar DealsMultiFamily4,950 SF
Sold 06/04/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$213
Total Square Footage:4,950 SF
Transaction Type:Sale
A three-family home at 1635 Dorchester Ave in Boston, MA, sold for $1,059,000, offering significant potential with its expansive 4,950 square feet of living space spread across three levels and featuring four large bedrooms in each apartment.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,059,000
- Units: 3
- Price per Unit: $353,000
- Square Footage: 4,950
- Price per Square Foot: $214
- Address: 1635 Dorchester Avenue
- Market: Dorchester, MA
- Broker: Jackie Rooney - Rooney Real Estate
The sale was facilitated by Jackie Rooney from Rooney Real Estate, highlighting her expertise in managing the transaction of this multifamily property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$56,479.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,762.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,020.20
Annual Debt Service$60,242.40
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