Christian Doherty & Mary ODonoghue Facilitate $1M Sale Of Andover, MA Multifamily
170-172 North Main Street
$1,000,000
$379/SF
Building Size
2,638 SF
Asset Type
MultiFamily
Closing
May 22, 2024
AI
A completely renovated two-family home in downtown Andover, MA, sold for $1,000,000. This property features remodeled kitchens with custom cabinets and granite countertops, updated baths, hardwood floors, and central air. With a total of two units, each consisting of three bedrooms, in-unit laundry facilities, and a living space of 2,638 square feet, this home offers modern comfort and convenience. Additionally, its location provides proximity to Andover town center and the commuter rail to Boston.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 170-172 North Main Street
- Market: Andover, MA
- Units: 2
- Price per Unit: $500,000
- Square Footage: 2,638
- Price per Square Foot: $379
The buyer's representative in this transaction was Christian Doherty from Doherty Properties, while the seller's representative was Mary ODonoghue from William Raveis Real Estate.
Players
Andover 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93