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31 Selden Street

Updated Dec 4, 2024

Shauna Fanning Buys Multifamily Property In Dorchester, MA For $1.2M
SOLDMultiFamily

Shauna Fanning Buys Multifamily Property In Dorchester, MA For $1.2M

31 Selden Street

$1,200,000

$333/SF

Building Size

3,597 SF

Asset Type

MultiFamily

Closing

Mar 27, 2024

About this deal

AI

31 Selden St. in Boston, MA, sold for $1.2 million, offering a prime investment opportunity with significant market rents. Each unit features separately metered utilities, ensuring efficiency for tenants and landlords alike, while its strategic location near Dorchester Center and Lower Mills promises unparalleled convenience and desirability.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • SF: 3,597
  • PPSF: $334
  • Address: 31 Selden Street
  • Market: Dorchester, MA

Shauna Fanning from Lamacchia Realty represented the buyer in the transaction, while The Reference Group from Reference Real Estate acted as the seller's representative.

Players

Shauna Fanning

Lamacchia Realty

Broker

$2.4M

vol

2 deals

Broker

Dorchester Center MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $333 per square foot on a published $1.2M for 3,597 square feet (2024).

Visit Shauna Fanning to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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