Updated Sep 9, 2024
Vishal Rawal Acquires South Boston Multifamily For $2.245M
703 East Second Street
$2,245,000
$496/SF
Building Size
4,520 SF
Asset Type
MultiFamily
Closing
Apr 27, 2023
About this deal
AI
The multifamily property located at 703 East Second Street in South Boston, MA has been sold. The property consists of 3 units with a total square footage of 4,520. The sale price for this transaction was $2,245,000, resulting in a price per unit of $748,333 and a price per square foot of $497.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,245,000
- Address: 703 East Second Street, South Boston, MA
- Units: 3
- Price per Unit: $748,333
- Square Footage: 4,520
- Price per Square Foot: $497
Vishal Rawal has purchased the property, representing the buyer in this transaction. The seller's representatives were John Federico and Ryan Quinn from Grove Property Group.
Players
Market 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
7.07%
Cash-on-Cash
-2.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93