Kimberly Lorden Acquires Multifamily Property In Rockport, MA For $1.95M
SOLD
$1,950,000
Massachusetts
See Similar DealsMultiFamily4,195 SF
Sold 09/15/2021
SOLD
Kimberly Lorden Acquires Multifamily Property In Rockport, MA For $1.95M
1 Main St, Rockport, Massachusetts, USA
See Similar DealsMultiFamily4,195 SF
Sold 09/15/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$464
Total Square Footage:4,195 SF
Transaction Type:Sale
The multifamily property located at 1 Main St in Rockport, MA was recently sold for $1,950,000. The property spans 4,195 square feet, resulting in a price per square foot of $465. The transaction took place on September 15, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Square Footage: 4,195 sqft
- Price per Square Foot: $465
- Address: 1 Main St, Rockport, MA
- Market: Rockport, MA
- Seller's Representative: John Farrell - Coldwell Banker Realty - Beverly
- Buyer's Representative: Kimberly Lorden - Churchill Properties
The seller's representative in this transaction was John Farrell from Coldwell Banker Realty - Beverly. On the other hand, Kimberly Lorden from Churchill Properties represented the buyer. Both these professionals played crucial roles in facilitating the successful sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$103,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94
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