Melissa Scher Acquires Multifamily Property On Howes St In Boston For $1.3M
SOLD
$1,300,000
Massachusetts
See Similar DealsMultiFamily3,483 SF
Sold 06/14/2020
SOLD
Melissa Scher Acquires Multifamily Property On Howes St In Boston For $1.3M
24 Howes St, Boston, Dorchester, Massachusetts, USA
See Similar DealsMultiFamily3,483 SF
Sold 06/14/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$373
Total Square Footage:3,483 SF
Transaction Type:Sale
The multifamily property located at 24 Howes St in Boston, MA has been sold for $1,300,000. The transaction took place on June 14, 2021. The property spans a total area of 3,483 square feet, resulting in a price per square foot of $373.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 24 Howes St, Boston, MA
- Market: Boston, MA
The seller, represented by Melissa Scher from Keller Williams Realty Boston-Metro | Back Bay, successfully closed the deal. The buyer's representative, Adam Burns, handled the transaction on behalf of Burns Realty & Investments.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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