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Four-Family Multifamily At 17 M Street, South Boston Sells For $1.9M

Property Image
SOLD
$1,900,000

Massachusetts

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MultiFamily3,297 SF
Sold 05/30/2024
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Property Image
SOLD

Four-Family Multifamily At 17 M Street, South Boston Sells For $1.9M

17 M Street south

See Similar Deals
MultiFamily3,297 SF
Sold 05/30/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$576
Total Square Footage:3,297 SF
Transaction Type:Sale

A well-maintained four-family property located at 17 M St, Boston, MA 02127, was sold for $1,900,000, offering eight beds and four baths, with a total of 3,297 square feet. The property, a multifamily asset, had a price per square foot of $576.

Summary of transaction details:

The deal was facilitated by Jacob Carlin and Ryan Bartlett of Greater Metropolitan Real Estate, serving as the brokers in the transaction.

Players

Ryan Bartlett
6 deals$14.4M volume
BROKER

Details

SOLD
IMAGE: Ryan Bartlett DATE: 05/30/2024 ADDRESS: 17 M Street MARKET: South Boston, MA ASSET TYPE: Multifamily BROKERS: Jacob Carlin & Ryan Bartlett (@RJBartlet) - Greater Metropolitan Real Estate (@GMREBoston) SALE PRICE: $1,900,000 SF: 3,297 ~ PPSF: $576 NOTE: A well-maintained four-family property located at 17 M St, Boston, MA 02127, was sold for $1,900,000, offering eight beds and four baths, with a total of 3,297 square feet.

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

$101,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63