SOLDMultiFamily
South Boston Multifamily Property Sold For $1.2M
677 East Fifth Street
$1,204,500
$491/SF
Building Size
2,452 SF
Asset Type
MultiFamily
Closing
Oct 23, 2023
AI
A multifamily property located at 677 East Fifth Street in South Boston, MA has been sold for $1,204,500. The property spans 2,452 square feet, resulting in a price per square foot of $491.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,204,500
- Address: 677 East Fifth Street, South Boston, MA
- Market: South Boston, MA
- Broker: Justin Manning - JJManning Auctioneers
- Square Footage: 2,452
- Price per Square Foot: $491
The seller was represented by Justin Manning from JJManning Auctioneers in this transaction.
South Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.17%
Cash-on-Cash
-3.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93