HRV Homes Acquires 8-Unit Multifamily In Dorchester, MA For $1.35M

Located at 89 Woodrow Avenue in Dorchester, MA, this multifamily property recently changed hands in a closed transaction. The property spans 4,320 square feet and consists of eight units. The sale price for this asset was $1,350,000, translating to a price per square foot of $307.87. The buyer, HRV Homes, acquired the property from the seller, Gerald Kraft. With a 1.95% cap rate, this transaction showcases the vibrant real estate market in Suffolk County.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $1,350,000
• Square Footage: 4,320
• Price per Square Foot: $307.87
• Units: 8
• Price per Unit: $166,250
• Cap Rate: 1.95%

This deal was finalized with the assistance of Patrick Wheeler, Bradford Carlson, and Tim McGeary. Working on behalf of HRV Homes, the buyer's representatives ensured a smooth transaction. Their expertise in the market played a pivotal role in the success of this acquisition. Both the buyer, HRV Homes, and the seller, Gerald Kraft, found mutual benefit in this noteworthy transaction.