Dat Nguyen Of Capital Residential Group Represents Buyer In $1.2M Multifamily Sale In Boston
24 Melbourne Street
$1,200,000
$354/SF
Building Size
3,384 SF
Asset Type
MultiFamily
Closing
Sep 10, 2024
AI
A renovated three-family home at 24 Melbourne Street in Boston, MA, sold for $1,200,000. The property encompasses 3,384 sq. ft., providing 9 beds and 3 baths. Constructed in 1905 and updated in 2013, it features modern kitchens, updated systems, and includes 3 parking spaces.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 3
- Price Per Unit: $400,000
- Square Footage: 3,384
- Price Per Square Foot: $355
- Buyer's Representative: Dat Nguyen - Capital Residential Group
- Seller's Representative: Terrence Bell - Great Spaces Era
Dat Nguyen represented the buyer in this transaction, working for Capital Residential Group, while Terrence Bell represented the seller, affiliated with Great Spaces Era.
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