Updated Dec 20, 2023
Briana V. Pharm Acquires Dorchester Multifamily For $1.3M
232 South Magnolia Street, Summerville, Dorchester, SC, USA
$1,300,000
$285/SF
Building Size
4,549 SF
Asset Type
MultiFamily
Closing
Sep 21, 2021
About this deal
AI
The multifamily property located at 232 Magnolia St in Dorchester, MA has been sold in a transaction that took place on September 22, 2021. The property consists of 3 units with a total square footage of 4,549. The sale price for the property was $1,300,000, resulting in a price per unit of $433,333 and a price per square foot of $286.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 232 Magnolia St, Dorchester, MA
- Market: Dorchester, MA
- Buyer: Briana V. Pharm
- Seller: Denice Banks
- Units: 3
- Square Footage: 4,549
Briana V. Pharm represented the buyer in this transaction, while Denice Banks served as the seller. This closed deal showcases the successful collaboration between the two parties involved in the sale of this multifamily property.
Players
Summerville 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93