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Matthew Ramey & Windy Lafond Of Concept Properties Facilitate $2.74M Multifamily Sale In Roxbury

Property Image
SOLD
$2,740,000

Massachusetts

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MultiFamily3,983 SF
Sold 03/22/2024
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Property Image
SOLD

Matthew Ramey & Windy Lafond Of Concept Properties Facilitate $2.74M Multifamily Sale In Roxbury

37 Calumet Street

See Similar Deals
MultiFamily3,983 SF
Sold 03/22/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$687
Total Square Footage:3,983 SF
Transaction Type:Sale

Located at 37 Calumet Street in Mission Hill, Boston, this multifamily property recently changed hands for $2,740,000. The property offers three units with a total of 12 beds, three baths, and 3,983 square feet of modern living space. The residence also features outdoor decks providing stunning city views.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,740,000
  • SF: 3,983
  • PPSF: $688
  • Address: 37 Calumet Street
  • Market: Roxbury, MA

Matthew Ramey and Windy Lafond from Concept Properties represented the parties involved in this real estate transaction.

Players

Matthew Ramey
3 deals$9.1M volume
BROKER

Windy Lafond
Concept Properties
1 deal$2.7M volume(508) 810-2269
BROKER

Details

SOLD
IMAGE: Matthew Ramey & Windy Lafond DATE: 03/22/2024 ADDRESS: 37 Calumet Street MARKET: Roxbury, MA ASSET TYPE: Multifamily BROKERS: Matthew Ramey & Windy Lafond - Concept Properties SALE PRICE: $2,740,000 SF: 3,983 ~ PPSF: $688 NOTE: 37 Calumet Street in Mission Hill, Boston, recently sold for $2,740,000, offering three units with a total of 12 beds, three baths, and 3,983 square feet of modern living space, featuring outdoor decks with stunning city views.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$146,133.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,734.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,989.00
Annual Debt Service$155,867.97