The Boulos Company Represents $3.95M Sale Of Multifamily Property In Sanford, ME
SOLD
$3,950,000
Maine
See Similar DealsMultiFamily43,013 SF
Sold 04/25/2022
SOLD
The Boulos Company Represents $3.95M Sale Of Multifamily Property In Sanford, ME
41 River Street, Sanford, Maine 04073, United States
See Similar DealsMultiFamily43,013 SF
Sold 04/25/2022
Summary
MAINE
Asset Type:MultiFamily
Price Per Square Foot:$91
Total Square Footage:43,013 SF
Transaction Type:Sale
A multifamily property located at 41 River St in Sanford, ME, has been sold for $3,950,000. The property spans approximately 43,013 square feet, resulting in a price per square foot of $92.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,950,000
- Square Footage: 43,013
- Price per Square Foot: $92
- Address: 41 River St, Sanford, ME
- Market: Sanford, ME
The sale of this property was facilitated by Joseph Italiaander and Chris Gallagher of The Boulos Company. Their expertise and representation played a crucial role in the successful completion of the transaction.
Note from Broker: This sale is part of a 17-property portfolio in Sanford, ME.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$210,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18
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