Daily limit: 0/10
Dat Nguyen Of Capital Residential Group Represents Buyer In $1.2M Multifamily Sale In Boston
SOLD
Massachusetts
See Similar DealsMultiFamily3,384 SF
Sold 09/10/2024
SOLD
Dat Nguyen Of Capital Residential Group Represents Buyer In $1.2M Multifamily Sale In Boston
24 Melbourne Street
See Similar DealsMultiFamily3,384 SF
Sold 09/10/2024
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:
- 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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
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
Is there something missing? Send suggestions