Updated Dec 4, 2024
2-Family Property In Dorchester Sells For $1.2M In Boston Multifamily Sale
20 Codman Hill Avenue
$1,200,000
$240/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Apr 8, 2024
About this deal
AI
A spacious 2-family property in Dorchester's Codman Hill Avenue, Boston, sold for $1,200,000, offering 6 bedrooms, 4 bathrooms, and original hardwood flooring. The renovated home features separate units, with Unit comprising 2 bedrooms and 1 bath, while Unit offers 4 beds and 2 baths, along with finished attic and basement spaces, front and rear decks, and convenient access to transportation and amenities.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 2
- Price per Unit: $600,000
- Square Footage: 5,000
- Price per Square Foot: $240
- Address: 20 Codman Hill Avenue
- Market: Boston, MA
The sale of this property was facilitated by Ernst Guerrier from MECM Realty, who represented the parties involved in the transaction.
Players
Dorchester Center MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93