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Four-Family Multifamily At 17 M Street, South Boston Sells For $1.9M
SOLD
$1,900,000
Massachusetts
See Similar DealsMultiFamily3,297 SF
Sold 05/30/2024
SOLD
Four-Family Multifamily At 17 M Street, South Boston Sells For $1.9M
17 M Street south
See Similar DealsMultiFamily3,297 SF
Sold 05/30/2024
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:
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Address: 17 M Street
- Market: South Boston, MA
- Brokers: Jacob Carlin & Ryan Bartlett - Greater Metropolitan Real Estate
- SF: 3,297
- PPSF: $576
The deal was facilitated by Jacob Carlin and Ryan Bartlett of Greater Metropolitan Real Estate, serving as the brokers in the transaction.
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Deal Type
30 years
10 years
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
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