Danny Zheng Acquires Multifamily Property In Boston, MA For $1.35M
SOLD
$1,350,000
Massachusetts
See Similar DealsMultiFamily5,088 SF
Sold 03/01/2022
SOLD
Danny Zheng Acquires Multifamily Property In Boston, MA For $1.35M
32 Trull Street, Dorchester, Massachusetts 02125, United States
See Similar DealsMultiFamily5,088 SF
Sold 03/01/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$265
Total Square Footage:5,088 SF
Transaction Type:Sale
Located at 30-32 Trull St in Boston, MA, this multifamily property was recently sold in a closed transaction. Spanning a total of 5,088 square feet, the property offers ample living space for its residents. The sale price for this property was $1,350,000, resulting in a price per square foot of $265.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
Danny Zheng of Keller Williams Realty represented the buyer in this transaction, while The Elaine Evans Group of Leading Edge Real Estate represented the seller. With their expertise and knowledge of the market, both parties successfully facilitated the sale of this multifamily property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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