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Dat Nguyen Of Capital Residential Group Represents Buyer In $1.2M Multifamily Sale In Boston

Property Image
SOLD
$1,200,000

Massachusetts

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MultiFamily3,384 SF
Sold 09/10/2024
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Property Image
SOLD

Dat Nguyen Of Capital Residential Group Represents Buyer In $1.2M Multifamily Sale In Boston

24 Melbourne Street

See Similar Deals
MultiFamily3,384 SF
Sold 09/10/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$354
Total Square Footage:3,384 SF
Transaction Type:Sale

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:

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

Terrence Bell
2 deals$2.4M volume(617) 224-6971
BROKER

Dat Nguyen
Capital Residential Group
1 deal$1.2M volume(617) 750-6177
BROKER

Details

SOLD
IMAGE: Terrence Bell & Dat Nguyen DATE: 09/10/2024 ADDRESS: 24 Melbourne Street MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Dat Nguyen - Capital Residential Group (@CapREsLLC) SELLER'S REP: Terrence Bell (@TBellSells) - Great Spaces Era (@GreatSpacesEra) SALE PRICE: $1,200,000 UNITS: 3 ~ PPU: $400,000 SF: 3,384 ~ PPSF: $355 NOTE: A renovated three-family home at 24 Melbourne St. in Dorchester sold for $1.2M, offering 9 beds, 3 baths, and 3,384 sq. ft. The property, built in 1905 and renovated in 2013, features updated systems, modern kitchens, and 3 parking spaces.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35