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Patty Hoang Of PRIVI Realty Represents Buyer In $1.3M Multifamily Sale In Boston

Property Image
SOLD
$1,300,000

Massachusetts

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MultiFamily3,762 SF
Sold 06/28/2024
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Property Image
SOLD

Patty Hoang Of PRIVI Realty Represents Buyer In $1.3M Multifamily Sale In Boston

17 Dix Street

See Similar Deals
MultiFamily3,762 SF
Sold 06/28/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$345
Total Square Footage:3,762 SF
Transaction Type:Sale

A large three-family home at 17 Dix Street in Boston, MA sold for $1,300,000. The property features a total of 3,762 square feet, with three units, making the price per unit $433,333 and the price per square foot $346. Each unit has potential for conversion to 4 bedrooms. Unit 2 is updated and vacant, while Units 1 and 3 are occupied by long-term tenants.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Units: 3
  • Price Per Unit: $433,333
  • Square Footage: 3,762
  • Price Per Square Foot: $346
  • Buyer's Representative: Patty Hoang - PRIVI Realty
  • Seller's Representative: Doreen Heffron - Village Realty HM

The deal involved Patty Hoang, representing the buyer from PRIVI Realty, and Doreen Heffron, representing the seller from Village Realty HM. This transaction highlights the collaboration between real estate professionals to facilitate the sale of the multifamily property.

Players

2 deals$2.4M volume
BROKER

PH
2 deals$2.6M volume
BROKER

Details

SOLD
IMAGE: Doreen Heffron DATE: 06/28/2024 ADDRESS: 17 Dix Street MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Patty Hoang - PRIVI Realty SELLER'S REP: Doreen Heffron - Village Realty HM SALE PRICE: $1,300,000 UNITS: 3 ~ PPU: $433,333 SF: 3,762 ~ PPSF: $346 NOTE: A large three-family home at 17 Dix St in Dorchester sold for $1,300,000, featuring units with potential for conversion to 4 bedrooms each. Unit 2 is updated and vacant, while Units 1 and 3 have long-term tenants.

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

$69,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96