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13 High Street

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

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

Andrew Haddad

Northeast Development & Investment

Broker

$33M

vol

15 deals

Broker

Haverhill MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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