19-21 Fessenden St.A six-unit apartment building in Mattapan has sold for $860,000.

P Comer LLC purchased the Fessenden Street Apartments, located at 19-21 Fessenden St. The seller was PD&J Realty LLC. 

The building is comprised of six three-bedroom, one-bathroom apartments. The units are separately metered and the tenants pay utilities. The property offers a paved off-street parking lot located in the rear of the building that accommodates six to eight vehicles. Other features include front porches and coin-operated laundry available in the basement of the building. The cap rate at the time of the sale was 9.2 percent.

Tony Pepdjonovic, an investment specialist in Marcus & Millichap’s Boston office, marketed the property on behalf of the seller and secured and represented the buyer.

Mattapan Apartment Building Sold For $860K

by Banker & Tradesman time to read: <1 min
0