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Multifamily Property At 6-8 Charlesview Street Sold For $1.5M In Boston By Tenzin Tsarong

Property Image
SOLD
$1,500,000

Massachusetts

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MultiFamily3,840 SF
Sold 08/05/2024
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Property Image
SOLD

Multifamily Property At 6-8 Charlesview Street Sold For $1.5M In Boston By Tenzin Tsarong

6-8 Charlesview Street

See Similar Deals
MultiFamily3,840 SF
Sold 08/05/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$390
Total Square Footage:3,840 SF
Transaction Type:Sale

The property at 6-8 Charlesview Street, Boston, is a multifamily home that has been renovated and features large rooms with high ceilings and hardwood floors. It has a high-ceilinged above-ground basement, a small vineyard, and ample parking available. The property sold for a price of $1,500,000 and includes three units. The total square footage of the asset is 3,840, equating to a price per unit of $500,000 and a price per square foot of $391.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Address: 6-8 Charlesview Street
  • Market: Boston, MA
  • Units: 3
  • Square Feet: 3,840
  • Price Per Unit: $500,000
  • Price Per Square Foot: $391

Tenzin Tsarong from Coldwell Banker represented the transaction, facilitating the sale of this property in the Oak Square, Brighton area. The representation highlights the involvement of established brokerage expertise in the specifics of the deal.

Players

Tenzin Tsarong
2 deals$2.5M volume(781) 888-7875
BROKER

Details

SOLD
IMAGE: Tenzin Tsaron DATE: 08/05/2024 ADDRESS: 6-8 Charlesview Street MARKET: Boston, MA ASSET TYPE: Multifamily BROKER: Tenzin Tsarong (@TenzinTsarong_Homes) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $1,500,000 UNITS: 3 ~ PPU: $500,000 SF: 3,840 ~ PPSF: $391 NOTE: The property at 6-8 Charlesview St, Boston, sold for $1,500,000. This renovated 3-family home in Oak Square, Brighton, features large rooms with high ceilings, hardwood floors, and a high-ceilinged above-ground basement, plus a small vineyard and ample parking.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
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