Updated Dec 18, 2023
Georgia Phillips Acquires Multifamily Property In South Boston, MA For $2.25M
5 Douglas St, South Boston, Boston, MA, USA
$2,250,000
$930/SF
Building Size
2,418 SF
Asset Type
MultiFamily
Closing
Aug 23, 2021
About this deal
AI
A multifamily property located at 5 Douglas St in South Boston, MA was recently sold in a transaction on August 24, 2021. The property consists of 3 units, with an average price per unit of $750,000. The total square footage of the property is 2,418, resulting in a price per square foot of $931. The sale price for this transaction was $2,250,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Units: 3
- Price per Unit: $750,000
- Square Footage: 2,418
- Price per Square Foot: $931
The buyer in this transaction was Georgia Phillips, while the seller was Richard Hulme.
Players
Boston 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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93