Lynda Le & Samuel Rymer Close $1.15M Multifamily Sale In Dorchester
22-24 Wrentham Street
$1,150,000
$343/SF
Building Size
3,350 SF
Asset Type
MultiFamily
Closing
May 1, 2024
AI
A multifamily property located at 22-24 Wrentham St in Dorchester, MA, was recently sold for $1,150,000. The property spans 3,350 square feet and includes 6 beds, 2 baths, high-end finishes, new heating, a recently replaced roof, and comes with 4 parking spaces. The transaction involved a 2-family residence in Boston's Ashmont District.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Units: 2
- Price Per Unit: $575,000
- Square Footage: 3,350
- Price Per Square Foot: $343
- Address: 22-24 Wrentham Street
- Market: Dorchester, MA
The buyer's representative in the deal was Lynda Le from Thread Real Estate, while the seller's representative was Samuel Rymer from KR Boston.
Players
Boston 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93