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677 East Fifth Street

South Boston Multifamily Property Sold For $1.2M
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.

Players

Justin Manning

JJManning Auctioneers

Broker

$1.2M

vol

1 deal

Broker

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