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Andrew Haddad & Anthony Villa Facilitate $1.4M Multifamily Sale In Haverhill, MA
SOLD
Massachusetts
See Similar DealsMultiFamily9,152 SF
Sold 04/05/2024
SOLD
Andrew Haddad & Anthony Villa Facilitate $1.4M Multifamily Sale In Haverhill, MA
13 High Street
See Similar DealsMultiFamily9,152 SF
Sold 04/05/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$153
Total Square Footage:9,152 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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