5 Up Havre Llc Acquires Multifamily Property In East Boston For $1.15M
SOLD
$1,150,000
Massachusetts
See Similar DealsMultiFamily2,321 SF
Sold 06/30/2021
SOLD
5 Up Havre Llc Acquires Multifamily Property In East Boston For $1.15M
197 Havre St, East Boston, Boston, Massachusetts, USA
See Similar DealsMultiFamily2,321 SF
Sold 06/30/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$495
Total Square Footage:2,321 SF
Transaction Type:Sale
The multifamily property located at 197 Havre St in East Boston, MA was recently sold for $1,150,000. The transaction took place on June 30, 2021. The property spans an area of 2,321 square feet, resulting in a price per square foot of $495. It consists of three units, with each unit being valued at approximately $383,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 197 Havre St, East Boston, MA
- Market: East Boston, MA
- Property Size: 2,321 square feet
- Price per Square Foot: $495
- Number of Units: 3
The seller of the property was the Crespo Group, while the buyer was 5 Up Havre Llc.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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