Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,200,000
$354/SF
MultiFamily
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Dorchester Center MultiFamily Market Snapshot
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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