Andrew Haddad & Anthony Villa Facilitate $1.4M Multifamily Sale In Haverhill, MA
13 High Street
$1,400,000
$153/SF
Building Size
9,152 SF
Asset Type
MultiFamily
Closing
Apr 5, 2024
AI
A 7-family investment property located at 13 High Street in Haverhill, MA, was recently sold for $1,400,000. The property boasts 7 units, offering spacious bedrooms, clean bathrooms, and separate gas and electric meters. The sale also included an adjacent parking lot for the convenience of residents.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Units: 7
- Price Per Unit: $200,000
- Square Footage: 9,152
- Price Per Square Foot: $153
- Address: 13 High Street
- Market: Haverhill, MA
The buyer's representative for this transaction was Anthony Villa from Realty One Group Nest, while the seller's representative was Andrew Haddad from Northeast Development & Investment, Inc.
Players
Haverhill 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93