Francesca Little & Susan Schale Sell Multifamily Property In Danvers, MA For $1.5M
SOLD
$1,500,000
Massachusetts
See Similar DealsMultiFamily3,845 SF
Sold 03/21/2022
SOLD
Francesca Little & Susan Schale Sell Multifamily Property In Danvers, MA For $1.5M
127 Sylvan Street, Danvers, Massachusetts 01923, United States
See Similar DealsMultiFamily3,845 SF
Sold 03/21/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$390
Total Square Footage:3,845 SF
Transaction Type:Sale
A multifamily property located at 127 Sylvan St in Danvers, MA was recently sold for $1,500,000. The property spans 3,845 square feet, resulting in a price per square foot of $390.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 127 Sylvan St, Danvers, MA
- Market: Danvers, MA
The buyer's representative for this transaction was Francesca Little from Little & Co., Realtors. On the other hand, Susan Schale from Churchill Properties represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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