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Deborah M. Gordon Of Coldwell Banker Represents Buyer In $1.215M Roslindale Multifamily Sale

Property Image
SOLD
$1,215,000

Massachusetts

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MultiFamily2,444 SF
Sold 07/30/2024
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Property Image
SOLD

Deborah M. Gordon Of Coldwell Banker Represents Buyer In $1.215M Roslindale Multifamily Sale

273-275 Roslindale Avenue

See Similar Deals
MultiFamily2,444 SF
Sold 07/30/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$497
Total Square Footage:2,444 SF
Transaction Type:Sale

This multifamily property is located at 273-275 Roslindale Avenue in Roslindale, MA. The asset includes 2 units and spans a total of 2,444 square feet. The sale price of the property was $1,215,000, resulting in a price per unit of $607,500 and a price per square foot of $497.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,215,000
  • Units: 2
  • Square Footage: 2,444
  • Price Per Unit: $607,500
  • Price Per Square Foot: $497
  • Buyer's Representative: Deborah M. Gordon - Coldwell Banker
  • Seller's Representative: Andrew Schena - Capital Residential Group

The deal was facilitated by Deborah M. Gordon representing the buyer and Andrew Schena representing the seller. This newly renovated property features modern kitchens and baths, energy-efficient upgrades, and a new electrical system. It also includes a new driveway with off-street parking and offers potential for strong investment due to in-unit laundry and renovated porches.

Players

Deborah M. Gordon
2 deals$3.2M volume(617) 974-0404
BROKER

Andrew Schena
Capital Residential Group
1 deal$1.2M volume(781) 572-9577
BROKER

Details

SOLD
IMAGE: Deborah M. Gordon & Andrew Schena DATE: 07/30/2024 ADDRESS: 273-275 Roslindale Avenue MARKET: Roslindale, MA ASSET TYPE: Multifamily BUYER'S REP: Deborah M. Gordon (@DeborahMGordonTeam) - Coldwell Banker (@ColdwellBanker) SELLER'S REP: Andrew Schena (@Andrew.Schena) - Capital Residential Group SALE PRICE: $1,215,000 UNITS: 2 ~ PPU: $607,500 SF: 2,444 ~ PPSF: $497 NOTE: This newly renovated, two-family property on a quiet street features modern kitchens and baths, energy-efficient upgrades, and a new electrical system. The turn-key building includes a new driveway with off-street parking, and offers strong investment potential with in-unit laundry and renovated porches.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,316.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,759.72
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