Updated Dec 21, 2023
Michael Ahern Acquires Multifamily Property In South Boston For $2.06M
819 E 2nd St, South Boston, Boston, MA, USA
$2,060,000
$472/SF
Building Size
4,356 SF
Asset Type
MultiFamily
Closing
Sep 27, 2021
About this deal
AI
The multifamily property located at 819 E 2nd St in South Boston, MA was recently sold on September 28, 2021. The property consists of 3 units with a total square footage of 4,356. The sale price for this transaction was $2,060,000, resulting in a price per unit of $686,667 and a price per square foot of $473.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,060,000
- Address: 819 E 2nd St, South Boston, MA
- Units: 3
- Price per Unit: $686,667
- Total Square Footage: 4,356
- Price per Square Foot: $473
Michael Ahern acted as the buyer in this transaction, while Robert L. Manning T & Patricia A. Manning served as the sellers.
Players
South Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Virginia multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.70%
Cash-on-Cash
-2.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93