56 Properties Acquires 17-Property Multifamily Portfolio In Sanford, ME For $4M
SOLD
$4,000,000
Maine
See Similar DealsMultiFamily
Sold 06/01/2022
SOLD
56 Properties Acquires 17-Property Multifamily Portfolio In Sanford, ME For $4M
Sanford, Maine, United States
See Similar DealsMultiFamily
Sold 06/01/2022
Summary
MAINE
Asset Type:MultiFamily
Transaction Type:Sale
A 17-property multifamily portfolio in Sanford, ME has been sold for $4,000,000. The portfolio consists of 49 units with a price per unit of $81,633. The transaction took place on 06/01/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Market: Sanford, ME
The buyer of the portfolio is 56 Properties. Representing the buyer in this transaction was Greg Perry from Compass Commercial Brokers. The seller's representatives were Chris Gallagher and Joe Italiaander from The Boulos Company.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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