Dorchester Multifamily Property Sells for $1.5M at $724 per Square Foot

A multifamily property located at 21 Buttonwood Street in Dorchester, Massachusetts, USA has been sold for 1.525M at a price of 724 per square foot. The deal was brokered by Jerome Duval and closed on April 30, 2020.

The property is a 2,105 square foot multifamily building located in the heart of Dorchester. The building features four residential units, each with two bedrooms and one bathroom. The property is located in a highly desirable area with easy access to public transportation and local amenities.

The buyer of the property is a local real estate investor who plans to hold the property as a long-term investment. The seller is a private individual who had owned the property for several years.

Jerome Duval, the broker who represented both the buyer and the seller in the transaction, commented on the deal, saying, “This was a great opportunity for my client to acquire a well-maintained multifamily property in a highly desirable location. The property has a strong rental history and is in excellent condition. I am confident that my client will see a strong return on their investment over the long term.”

The sale of this property is indicative of the strong demand for multifamily properties in the Dorchester area. With its convenient location and strong rental market, Dorchester continues to be a popular destination for real estate investors looking to acquire multifamily properties. As the market continues to grow, it is likely that we will see more deals like this in the future.