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175 West Eighth Street

Updated May 12, 2025

MultiFamily Property In South Boston Sells For $1.3M At 175 West Eighth Street
SOLDMultiFamily

MultiFamily Property In South Boston Sells For $1.3M At 175 West Eighth Street

175 West Eighth Street

$1,287,500

Units

1,287,500

Asset Type

MultiFamily

Closing

Mar 30, 2023

About this deal

AI

The property asset involved in this transaction is a MultiFamily asset located at 175 West Eighth Street in South Boston. The sale was finalized on 03/30/2023 for a total of $1,287,500. The property comprises a total of 2,473 square feet, resulting in a price per square foot of $521.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,287,500
  • Address: 175 West Eighth Street
  • Market: South Boston
  • Units: ~
  • Square Footage: 2,473
  • Price Per Square Foot: $521

The individuals and companies involved in this transaction include a buyer and a seller who are currently not disclosed. Broker details for the deal are also absent in the provided context.

Players

Market 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

12.32%

Cash-on-Cash

-3.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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