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Alfred Kiranga Of Liberty Realty Acquires Multifamily In Boston For $1.15M
SOLD
Massachusetts
See Similar DealsMultiFamily3,981 SF
Sold 05/28/2024
SOLD
Alfred Kiranga Of Liberty Realty Acquires Multifamily In Boston For $1.15M
183 Howard Avenue
See Similar DealsMultiFamily3,981 SF
Sold 05/28/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$289
Total Square Footage:3,981 SF
Transaction Type:Sale
A three-family property situated at 183 Howard Ave, Boston, MA 02125, was sold for $1,151,000. This investment opportunity features three de-leaded 4-bedroom units with updated amenities, offering potential cash flow for investors or owner occupants, with all units delivered vacant for buyer flexibility.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,151,000
- Units: 3
- Price Per Unit: $383,667
- Total Square Footage: 3,981
- Price Per Square Foot: $289
- Address: 183 Howard Avenue, Boston, MA
- Market: Boston, MA
Alfred Kiranga from Liberty Realty represented the buyer, while Steven Cohen from Keller Williamswas the seller's representative in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,386.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,089.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,456.33
Annual Debt Service$65,475.93
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