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Christine Do & John O'Toole Close Multifamily Sale On Adams Street For $1.11M
SOLD
Massachusetts
See Similar DealsMultiFamily2,802 SF
Sold 03/26/2024
SOLD
Christine Do & John O'Toole Close Multifamily Sale On Adams Street For $1.11M
29 Adams Street
See Similar DealsMultiFamily2,802 SF
Sold 03/26/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$396
Total Square Footage:2,802 SF
Transaction Type:Sale
A 4-bed, 2-bath multi-family home on 29 Adams St, Dorchester sold for $1.11M. This renovated property features a large lot, 6+ car garage, and close proximity to public transportation.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,110,000
- Units: 2
- Price Per Unit: $555,000
- Square Footage: 2,802
- Price Per Square Foot: $396
- Address: 29 Adams Street
- Market: Boston, MA
The buyer's representative for this transaction was Christine Do from Keller Williams, while the seller's representative was John O'Toole from Olde Towne Real EstateCo.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,943.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,261.97
Annual Debt Service$63,143.60
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