Pavan Kumar & Apoorva Paruchuri Acquire Dorchester Multifamily For $1.2M
SOLD
$1,200,000
Massachusetts
See Similar DealsMultiFamily3,924 SF
Sold 12/22/2023
SOLD
Pavan Kumar & Apoorva Paruchuri Acquire Dorchester Multifamily For $1.2M
25 Ronan Street
See Similar DealsMultiFamily3,924 SF
Sold 12/22/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$305
Total Square Footage:3,924 SF
Transaction Type:Sale
The multifamily property located at 25 Ronan Street in Dorchester, MA has been sold for a price of $1,200,000. The property consists of 3 units with a total area of 3,924 square feet. The price per unit is $400,000 and the price per square foot is $306.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 25 Ronan Street, Dorchester, MA
- Market: Dorchester, MA
The buyers of the property are Pavan Kumar and Apoorva Paruchuri. On the other hand, the sellers are Donald Bourguignon and Monique N. Auguste. Lior Rozhansky from Keller Williams Realty Evolution represented the buyers in the transaction, while Nick Bevilacqua acted as the seller's representative.
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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
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