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22-24 Wrentham Street

Lynda Le & Samuel Rymer Close $1.15M Multifamily Sale In Dorchester
SOLDMultiFamily

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

Lynda Le

Thread Real Estate

Broker

$6.1M

vol

5 deals

Broker

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