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Ashmont Triple-Decker Multifamily In Boston Sells For $1.325M

Property Image
SOLD
$1,325,000
Laura Guzman
+ 2

Massachusetts

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MultiFamily3,570 SF
Sold 05/15/2024
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Property Image
SOLD

Ashmont Triple-Decker Multifamily In Boston Sells For $1.325M

84 Bailey Street

See Similar Deals
MultiFamily3,570 SF
Sold 05/15/2024
Laura Guzman
+ 2
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$371
Total Square Footage:3,570 SF
Transaction Type:Sale

84 Bailey St in Boston, MA 02124, a multifamily property with a total square footage of 3,570, was recently sold for $1,325,000. This property, located in the desirable Ashmont area, offers a rare triple-decker opportunity and is conveniently situated across from the T Station.

Summary of transaction details:

The sale of 84 Bailey St was facilitated by Patty Hoang from PRIVI Realty representing the buyer and the Lindsey & Associates Realty Team from Keller Williams representing the seller. This transaction brought together a diverse group of individuals to successfully close the deal.

Players

PH
2 deals$2.6M volume
BROKER


Laura Guzman
Keller Williams Realty
1 deal$1.3M volume(617) 990-6082
BROKER

Steven Daloia
Keller Williams Realty
1 deal$1.3M volume(617) 545-4522
BROKER

Elizabeth (Liz) Lindsey
Keller Williams Realty
1 deal$1.3M volume(617) 288-1042
BROKER

Details

SOLD
IMAGE: Eric Lindsey, Laura Guzman, Liz Lindsey & Steven Daloia DATE: 05/15/2024 ADDRESS: 84 Bailey Street MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Patty Hoang - PRIVI Realty SELLER'S REP: Eric Lindsey (@EricELindsey), Laura Guzman, Liz Lindsey (@Lizl.RealEstate) & Steven Daloia (@StevenMDaloia) - Lindsey & Associates Realty Team (@LindseyRealtyTeam) /Keller Williams (@KellerWilliamsRealty) SALE PRICE: $1,325,000 SF: 3,570 ~ PPSF: $371 NOTE: 84 Bailey St in Boston, MA 02124 sold for $1,325,000, presenting a rare triple-decker opportunity in the sought-after Ashmont area, conveniently located across from the T Station.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$70,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,707.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,281.18
Annual Debt Service$75,374.11