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Susan DeRosas & Michael Deluca Of Coldwell Banker Broker Roslindale Multifamily Sale At $1.2M

Property Image
SOLD
$1,200,000

Massachusetts

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MultiFamily4,488 SF
Sold 05/20/2024
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Property Image
SOLD

Susan DeRosas & Michael Deluca Of Coldwell Banker Broker Roslindale Multifamily Sale At $1.2M

4467 Washington Street

See Similar Deals
MultiFamily4,488 SF
Sold 05/20/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$267
Total Square Footage:4,488 SF
Transaction Type:Sale

A large Roslindale three-family property at 4467 Washington St, Boston, MA 02131, with six beds, three baths, and 4,488 sq ft, was sold for $1,200,000, presenting a valuable opportunity for either renovation or redevelopment as part of a potential ten-unit project.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Market: Boston, MA
  • Square Footage: 4,488
  • Price per Square Foot: $267

The property at 4467 Washington St was brokered by Susan deRosas and Michael Deluca of Coldwell Banker, showcasing their expertise in facilitating transactions in the Boston area.

Players

Michael (Mike) Deluca
2 deals$2.4M volume(978) 973-2702
BROKER

Susan deRosas
Coldwell Banker
2 deals$2.4M volume(978) 502-7229
BROKER

Details

SOLD
IMAGE: Susan deRosas & Michael Deluca DATE: 05/20/2024 ADDRESS: 4467 Washington Street MARKET: Boston, MA ASSET TYPE: Multifamily BROKERS: Susan deRosas (@SuedeRosas) & Michael Deluca - Coldwell Banker (@ColdwellBanker) SALE PRICE: $1,200,000 SF: 4,488 ~ PPSF: $267 NOTE: A large Roslindale three-family property at 4467 Washington St, Boston, MA 02131, with six beds, three baths, and 4,488 sq ft, was sold for $1,200,000, presenting a valuable opportunity for either renovation or redevelopment as part of a potential ten-unit project.

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

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35