19-21 Fessenden St., Mattapan MA – A six-unit apartment building in Mattapan has sold for $860,000. The property consist of two side by side 3 family buildings.
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.
The sale was originally reported by Bankers and Tradesman – www.BankersandTradesman.com
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