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Sarah Rodewald & Elizabeth Sampson Facilitate $1.1M Sale Of South Boston Multifamily

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SOLD
$1,100,000

Massachusetts

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MultiFamily1,716 SF
Sold 06/03/2024
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Property Image
SOLD

Sarah Rodewald & Elizabeth Sampson Facilitate $1.1M Sale Of South Boston Multifamily

613 East Second Street

See Similar Deals
MultiFamily1,716 SF
Sold 06/03/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$641
Total Square Footage:1,716 SF
Transaction Type:Sale

A three-family property located at 613 E 2nd St in Boston, MA, was sold for $1,100,000, presenting an excellent investment opportunity in Southie's prime location, conveniently situated between the Seaport and East Broadway. The property consists of 3 units with a total square footage of 1,716 square feet, resulting in a price per unit of $366,667 and a price per square foot of $641.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Units: 3
  • Price per Unit: $366,667
  • Square Footage: 1,716
  • Price per Square Foot: $641
  • Address: 613 East Second Street, South Boston, MA
  • Market: South Boston, MA
  • Buyer's Rep: Sarah Rodewald - SR Realty
  • Seller's Rep: Elizabeth Sampson - Burns Realty & Investments

Sarah Rodewald represented the buyer in this transaction through SR Realty, while Elizabeth Sampson from Burns Realty & Investments served as the seller's representative. The deal was successfully closed on 06/03/2024, marking a significant transaction in the South Boston real estate market.

Players

Elizabeth Sampson
2 deals$2.2M volume(860) 989-8234
BROKER

Sarah Rodewald
2 deals$2.6M volume(314) 814-2145
BROKER

Details

SOLD
IMAGE: Sarah Rodewald & Elizabeth Sampson DATE: 06/03/2024 ADDRESS: 613 East Second Street MARKET: South Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Sarah Rodewald (@SRRealtyBrokerage) - SR Realty SELLER'S REP: Elizabeth Sampson - Burns Realty & Investments (@BurnsRealtyBoston) SALE PRICE: $1,100,000 UNITS: 3 ~ PPU: $366,667 SF: 1,716 ~ PPSF: $641 NOTE: A three-family property located at 613 E 2nd St in Boston, MA, was sold for $1,100,000, presenting an excellent investment opportunity in Southie's prime location, conveniently situated between the Seaport and East Broadway.

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Deal Type
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