Updated Dec 4, 2024
Alfred Kiranga Of Liberty Realty Acquires Multifamily In Boston For $1.15M
183 Howard Avenue
$1,151,000
$289/SF
Building Size
3,981 SF
Asset Type
MultiFamily
Closing
May 28, 2024
About this deal
AI
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.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.78%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93