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Steven Ward Of Re/Max Represents Buyer In $1.2M Sale Of Multifamily Property In Boston

Property Image
SOLD
$1,200,000

Massachusetts

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MultiFamily3,246 SF
Sold 07/26/2024
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Property Image
SOLD

Steven Ward Of Re/Max Represents Buyer In $1.2M Sale Of Multifamily Property In Boston

33 Child Street

See Similar Deals
MultiFamily3,246 SF
Sold 07/26/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$369
Total Square Footage:3,246 SF
Transaction Type:Sale

The multifamily property located at 33 Child Street in Boston, MA, was sold for $1,200,000. This asset consists of 3 units, each featuring 2 bedrooms, living and dining rooms, and front and back decks. The total square footage of the property is 3,246 SF, with a price per unit of $400,000 and a price per square foot of $370. The property is equipped with off-street parking, a large basement, and is situated conveniently near public transportation and local amenities.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Units: 3
  • Price Per Unit: $400,000
  • Square Feet: 3,246
  • Price Per Square Foot: $370
  • Buyer's Representative: Steven Ward - Re/Max
  • Seller's Representative: Love Live Team - Insight Realty Group

Steven Ward represented the buyer in this transaction, while the seller was represented by the Love Live Team. The negotiation process involved the collaboration of both real estate agencies to facilitate the sale of this multifamily asset in the Jamaica Plain neighborhood.

Players

Steven (Steve) Ward
4 deals$5.3M volume(585) 703-9400
BROKER

Details

SOLD
IMAGE: Steven Ward DATE: 07/26/2024 ADDRESS: 33 Child Street MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Steven Ward - Re/Max (@Remax) SELLER'S REP: Love Live Team - Insight Realty Group (@InsightRealtyBoston) SALE PRICE: $1,200,000 UNITS: 3 ~ PPU: $400,000 SF: 3,246 ~ PPSF: $370 NOTE: 33 Child St, Boston, MA, sold for $1.2M, features a 3-unit property in Jamaica Plain, each unit offering 2 beds, living and dining rooms, and front and back decks. The property includes off-street parking, a large basement, and is conveniently located near public transportation and local amenities.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
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