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Andrew Haddad & Anthony Villa Facilitate $1.4M Multifamily Sale In Haverhill, MA

Property Image
SOLD
$1,400,000

Massachusetts

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MultiFamily9,152 SF
Sold 04/05/2024
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Property Image
SOLD

Andrew Haddad & Anthony Villa Facilitate $1.4M Multifamily Sale In Haverhill, MA

13 High Street

See Similar Deals
MultiFamily9,152 SF
Sold 04/05/2024
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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.

Players

15 deals$33M volume
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Details

SOLD
IMAGE: Andrew Haddad & Anthony Villa DATE: 04/05/2024 ADDRESS: 13 High Street MARKET: Haverhill, MA ASSET TYPE: Multifamily BUYER'S REP: Anthony Villa - Realty One Group Nest SELLER'S REP: Andrew Haddad (@Haddady1) - Northeast Development & Investment, Inc SALE PRICE: $1,400,000 UNITS: 7 ~ PPU: $200,000 SF: 9,152 ~ PPSF: $153 NOTE: A 7-family investment property in Haverhill, MA, sold for $1,400,000. Each unit offers spacious bedrooms, clean bathrooms, and separate gas and electric meters, with an adjacent parking lot included in the sale.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$4,973.91
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