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Coldwell Banker Represents Buyer In $1.275M Multifamily Sale On I Street In South Boston, MA
SOLD
Massachusetts
See Similar DealsMultiFamily2,750 SF
Sold 01/23/2024
SOLD
Coldwell Banker Represents Buyer In $1.275M Multifamily Sale On I Street In South Boston, MA
195-197 I Street
See Similar DealsMultiFamily2,750 SF
Sold 01/23/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$463
Total Square Footage:2,750 SF
Transaction Type:Sale
In South Boston, MA, a multifamily property located at 195-197 I Street was sold for $1,275,000. The property spans approximately 2,750 square feet, resulting in a price per square foot of $464.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,275,000
- Address: 195-197 I Street
- Market: South Boston, MA
In this transaction, Christopher Barthelemy of Coldwell Banker represented the buyer, while John Collins of Capital Residential Group acted as the seller's representative.
Keep in mind that this transaction represents a closed deal and no further information is available.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,529.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,044.15
Annual Debt Service$72,529.81
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