Coldwell Banker Realty - Andover Represents Buyer In $1.12M Multifamily Sale In Salisbury, MA
SOLD
$1,120,000
Massachusetts
See Similar DealsMultiFamily2,400 SF
Sold 12/10/2021
SOLD
Coldwell Banker Realty - Andover Represents Buyer In $1.12M Multifamily Sale In Salisbury, MA
172 North End Boulevard, Salisbury, MA 01952
See Similar DealsMultiFamily2,400 SF
Sold 12/10/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$466
Total Square Footage:2,400 SF
Transaction Type:Sale
A multifamily property located at 172 North End Blvd in Salisbury, MA has recently been sold for $1,120,000. The property spans 2,400 square feet, resulting in a price per square foot of $467.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,120,000
- Date: 12/10/2021
- Address: 172 North End Blvd, Salisbury, MA
- Market: Salisbury, MA
The buyer's representative in this transaction was Leah Piantidosi from Coldwell Banker Realty - Andover, while the seller's representative was the Hickey Homes Team from Cameron Prestige - Amesbury.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,979.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,309.37
Annual Debt Service$63,712.46
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