Updated Dec 18, 2023
RE/MAX Partners Sells Methuen Multifamily Property For $1.33M
11 Hampstead Street, Methuen, MA, USA
$1,330,000
$142/SF
Building Size
9,308 SF
Asset Type
MultiFamily
Closing
Jan 5, 2021
About this deal
AI
Located at 11 Hampstead Street in Methuen, MA, this multifamily property was recently sold for a price of $1,330,000. Covering a total area of 9,308 square feet, the property was a significant investment opportunity in the market. The sale price per square foot was calculated to be $143, reflecting the value of the asset.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,330,000
- Address: 11 Hampstead Street, Methuen, MA
- Market: Methuen, MA
- Square Footage: 9,308
The sale of this multifamily property was facilitated by Paul Annaloro and Randy Hart from RE/MAX Partners. As experienced brokers, they successfully represented the parties involved in this transaction, ensuring a smooth and favorable deal for all parties.
Players
Methuen MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.93%
Cash-on-Cash
-3.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93