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Ellie Maeve Realty LLC Acquires Mixed-use Property In Amesbury, MA For $1.2M

Property Image
SOLD
$1,200,000
David "Dave" Martiroso
Arthur Martiroso
+ 1

Massachusetts

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Mixed-use6,370 SF
Sold 04/27/2022
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Property Image
SOLD

Ellie Maeve Realty LLC Acquires Mixed-use Property In Amesbury, MA For $1.2M

46 Friend Street, Amesbury, Massachusetts 01913, United States

See Similar Deals
Mixed-use6,370 SF
Sold 04/27/2022
David "Dave" Martiroso
Arthur Martiroso
+ 1
Contact now

Summary

MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$188
Total Square Footage:6,370 SF
Transaction Type:Sale

Located at 46 Friend St in Amesbury, MA, this mixed-use property was recently sold in a closed transaction. The property spans an impressive 6,370 square feet, offering ample space for various uses. The sale took place on April 27, 2022, with a final sale price of $1,200,000. The price per square foot (PPSF) for this transaction equates to $188.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,200,000
  • Address: 46 Friend St, Amesbury, MA
  • Market: Amesbury, MA
  • Square Footage: 6,370
  • Buyer: Ellie Maeve Realty LLC
  • Seller: Paul & Carol Bellavance
  • Buyer's Representative: Arthur Martiroso & David Martiroso - DNA Realty Group - Keller Williams
  • Seller's Representative: Michele Lawlor - Team Lilian Montalto - Lilian Montalto Signature Properties

Arthur Martiroso and David Martiroso, representing DNA Realty Group at Keller Williams, acted as the buyer's representatives in this transaction. On the other hand, Michele Lawlor, part of Team Lilian Montalto at Lilian Montalto Signature Properties, represented the sellers, Paul and Carol Bellavance.

Players

4 deals$8.8M volume
BROKER


David "Dave" Martiroso
Keller Williams Realty
10 deals$11.8M volume
BROKER

Michele Lawlor
1 deal$1.2M volume
BROKER

BUYER

Details

SOLD
IMAGE: Arthur Martiroso & David Martiroso DATE: 04/27/2022 ADDRESS: 46 Friend St MARKET: Amesbury, MA ASSET TYPE: Mixed-use BUYER: Ellie Maeve Realty LLC SELLER: Paul & Carol Bellavance BUYER'S REP: Arthur Martiroso (@Martiroso) & David Martiroso (@Davemartiroso) - DNA Realty Group (@DNARealtyGroup) - Keller Williams SELLER'S REP: Michele Lawlor - Team Lilian Montalto - Lilian Montalto Signature Properties (@LMSPRealEstate) SALE PRICE: $1,200,000 SF: 6,370 ~ PPSF: $188

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35