Nambogo B. Kaabunga Acquires Multifamily Property On Mattapan Street For $960K
SOLD
$960,000
Massachusetts
See Similar DealsMultiFamily3,657 SF
Sold 03/06/2020
SOLD
Nambogo B. Kaabunga Acquires Multifamily Property On Mattapan Street For $960K
78 Mattapan St, Mattapan, MA 02126, USA
See Similar DealsMultiFamily3,657 SF
Sold 03/06/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$262
Total Square Footage:3,657 SF
Transaction Type:Sale
A multifamily property located at 78 Mattapan Street in the Mattapan market has been sold. The property, with a total area of 3,657 square feet, was sold for a total sale price of $960,000. The price per square foot for this transaction was $262. This property consists of three units, with each unit valued at $320,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $960,000
- Address: 78 Mattapan Street
- Market: Mattapan
- Area: 3,657 square feet
- Price per Square Foot: $262
- Units: 3
- Price per Unit: $320,000
The seller of this property was Gerrard Lett, while the buyer was Nambogo B. Kaabunga. The deal was facilitated by Anthony Jean-Baptiste from Boston Trust Realty Group and Greater Investments.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$51,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,410.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,550.89
Annual Debt Service$54,610.68
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