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Debbie Adamidis Of Keller Williams Acquires Multifamily Property In South Boston For $3.2M As Buyer's Rep
SOLD
Massachusetts
See Similar DealsMultiFamily8,250 SF
Sold 03/08/2024
SOLD
Debbie Adamidis Of Keller Williams Acquires Multifamily Property In South Boston For $3.2M As Buyer's Rep
605-607 Dorchester Avenue
See Similar DealsMultiFamily8,250 SF
Sold 03/08/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$387
Total Square Footage:8,250 SF
Transaction Type:Sale
A multifamily property located at 605-607 Dorchester Avenue in South Boston, MA was sold for $3.2 million. The property spans 8,250 square feet with a price per square foot of $388.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Address: 605-607 Dorchester Avenue
- Market: South Boston, MA
Debbie Adamidis from Keller Williams acted as the buyer's representative in the transaction, while Ian Halpin from Lauchlin Group Real Estate represented the seller. The deal was successfully facilitated between the parties at the noted sale price.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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