Updated Dec 4, 2024
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
Dorchester Center MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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