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Coldwell Banker Acquires Multifamily Property In Dorchester, MA For $1.325M
SOLD
Massachusetts
See Similar DealsMultiFamily4,473 SF
Sold 09/08/2023
SOLD
Coldwell Banker Acquires Multifamily Property In Dorchester, MA For $1.325M
29 South Munroe Terrace
See Similar DealsMultiFamily4,473 SF
Sold 09/08/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$296
Total Square Footage:4,473 SF
Transaction Type:Sale
A multifamily property located at 29 South Munroe Terrace in Dorchester, Massachusetts, was sold for $1.325 million. The property offers 4,473 square feet of space, resulting in a price per square foot of $296.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,325,000
- Address: 29 South Munroe Terrace, Dorchester, MA
- Market: Dorchester, MA
The buyer's representative for this deal was Dylan Costello & Team from Coldwell Banker, while the seller's representative was Charles Maneikis from The Maneikis Companies, Inc.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,707.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,281.18
Annual Debt Service$75,374.11
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