Updated Dec 21, 2023
Matthew McLennan Acquires Andover Multifamily Property On Main St For $5.7M
126-132 Main St, Andover, Massachusetts, USA
$5,675,000
$324/SF
Building Size
17,500 SF
Asset Type
MultiFamily
Closing
Nov 22, 2021
About this deal
AI
The multifamily property located at 126-132 Main St in Andover, MA has been sold for a total price of $5,675,000. This property spans over 1.15 acres and features a total area of 17,500 square feet. The sale was facilitated by Matthew McLennan from Century 21 McLennan & Company.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $5,675,000
- Address: 126-132 Main St, Andover, MA
- Market: Andover, MA
- Acres: 1.15
- Square Feet: 17,500
Matthew McLennan, representing Century 21 McLennan & Company, played a crucial role in the successful completion of this transaction. The deal was finalized on November 22, 2021.
Players
Andover 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
2.80%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93