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Kenia Brea-Gonzalez Of Boston Realty Services Represents Buyer In Multifamily Sale At 51 Oldfields Road For $1.1M
SOLD
$1,100,000
Massachusetts
See Similar DealsMultiFamily2,796 SF
Sold 09/11/2024
SOLD
Kenia Brea-Gonzalez Of Boston Realty Services Represents Buyer In Multifamily Sale At 51 Oldfields Road For $1.1M
51 Oldfields Road
See Similar DealsMultiFamily2,796 SF
Sold 09/11/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$393
Total Square Footage:2,796 SF
Transaction Type:Sale
A two-family home at 51 Oldfields Road in Boston, MA, has been sold for $1,100,000. The property encompasses 2,796 square feet and includes 6 bedrooms and 3 bathrooms. Additionally, it features a rare oversized garage with a total of 8 parking spaces.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 2
- Price Per Unit: $550,000
- Square Footage: 2,796
- Price Per Square Foot: $393
- Buyer's Representative: Kenia Brea-Gonzalez - Boston Realty Services
- Seller's Representative: TJ Georges - Re/Max Platinum
The transaction involved Kenia Brea-Gonzalez representing the buyer and TJ Georges representing the seller, highlighting their roles in successfully facilitating this deal in the competitive Boston real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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