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Multifamily Property At 63 Bakersfield Street Sold For $1.25M In Boston By Jamie Iacoi & Diane Raeder

Property Image
SOLD
$1,250,000

Massachusetts

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MultiFamily3,632 SF
Sold 08/15/2024
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Property Image
SOLD

Multifamily Property At 63 Bakersfield Street Sold For $1.25M In Boston By Jamie Iacoi & Diane Raeder

63 Bakersfield Street

See Similar Deals
MultiFamily3,632 SF
Sold 08/15/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$344
Total Square Footage:3,632 SF
Transaction Type:Sale

A well-maintained two-family home located at 63 Bakersfield Street in Boston, MA, has been sold for $1,250,000. The property encompasses 3,632 square feet of updated living space and includes two units. Each unit is equipped with central AC and separate in-unit washers/dryers, providing convenience to the residents. The home features a private backyard and is situated in the Savin Hill/Uphams Corner neighborhood, which offers close proximity to local amenities and public transit.

Summary of transaction details:

Jamie Iacoi and Diane Raeder represented the sellers in this transaction, facilitating the successful sale of the property. Their roles contributed to the effective management and execution of the deal in the competitive Boston real estate market.

Players

Jamie Iacoi
2 deals$2.5M volume(508) 572-7642
BROKER

Diane Raeder
Great Spaces Era
1 deal$1.3M volume(617) 519-5074
BROKER

Details

SOLD
IMAGE: Diane Raede & Jamie Iacoi DATE: 08/15/2024 ADDRESS: 63 Bakersfield Street MARKET: Boston, MA ASSET TYPE: Multifamily BROKERS: Jamie Iacoi (@Jamie.Iacoi) & Diane Raeder (@Diane.Raeder) - Great Spaces Era (@GreatSpacesEra) SALE PRICE: $1,250,000 UNITS: 2 ~ PPU: $625,000 SF: 3,632 ~ PPSF: $344 NOTE: A well-maintained two-family home in Dorchester sold for $1.25M, featuring 3,632 sq ft of updated living space with central AC and separate in-unit washers/dryers. Located in the Savin Hill/Uphams Corner neighborhood, it offers a private backyard and close proximity to local amenities and public transit.

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Deal Type
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)-$4,440.98
Cash-on-Cash Return-1.27%
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