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Edward Deveau & Jorge Betancur Close $1.21M East Boston Multifamily Sale

Property Image
SOLD
$1,210,000

Massachusetts

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MultiFamily3,332 SF
Sold 04/09/2024
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Property Image
SOLD

Edward Deveau & Jorge Betancur Close $1.21M East Boston Multifamily Sale

192 Chelsea Street

See Similar Deals
MultiFamily3,332 SF
Sold 04/09/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$363
Total Square Footage:3,332 SF
Transaction Type:Sale

Located at 192 Chelsea Street in East Boston, a multifamily property was sold for $1,210,000. The property consists of 2 units with a total square footage of 3,332. The price per unit was $605,000, and the price per square foot was $363.

Summary of transaction details:

The sale transaction at 192 Chelsea Street was facilitated by Edward Deveau and Jorge Betancur of Century 21. They played a crucial role in successfully closing the deal for this multifamily property in East Boston, MA.

Players

Edward (Ed) Deveau
3 deals$3.3M volume
BROKER

Jorge Betancur
Century 21
3 deals$3.3M volume(508) 677-5570
BROKER

Details

SOLD
IMAGE: Edward Deveau & Jorge Betancur DATE: 04/09/2024 ADDRESS: 192 Chelsea Street MARKET: East Boston, MA ASSET TYPE: Multifamily BROKERS: Edward Deveau & Jorge Betancur - Century 21 (@EBC21Mario) SALE PRICE: $1,210,000 UNITS: 2 ~ PPU: $605,000 SF: 3,332 ~ PPSF: $363 NOTE: Located at 192 Chelsea Street in East Boston, a multifamily property was sold for $1,210,000. The transaction was facilitated by brokers Edward (Ed) Deveau and Jorge Betancur of Century 21.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,298.89
Cash-on-Cash Return-1.27%
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