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HomeSmart Success Realty's Steve Pascoe Brokers $1.27M Sale Of 8-Unit Multifamily Property In Haverhill, MA

Property Image
SOLD
$1,275,000

Massachusetts

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MultiFamily
Sold 07/22/2022
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Property Image
SOLD

HomeSmart Success Realty's Steve Pascoe Brokers $1.27M Sale Of 8-Unit Multifamily Property In Haverhill, MA

2 Lafayette Square

See Similar Deals
MultiFamily
Sold 07/22/2022
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 2 Lafayette Square in Haverhill, MA has been sold for a total price of $1,275,000. This property consists of 8 units, with each unit having an average price of $159,375. The total square footage of the property is 2,890, resulting in an average price per square foot of $441.

Summary of Transation Details:

  • Property Type: Multifamily
  • Transaction Amount: $1,275,000
  • Units: 8
  • Price per Unit: $159,375
  • Total Square Footage: 2,890
  • Price per Square Foot: $441
  • Market: Haverhill, MA

The sale of this multifamily property was facilitated by Steve Pascoe from HomeSmart Success Realty. Steve Pascoe acted as the broker in this transaction, representing either the buyer or the seller.

Players

Stephen Pascoe
HomeSmart Realty Group
Stephen Pascoe
2 deals$3.4M volume
BROKER

Details

SOLD
IMAGE: Steve Pascoe DATE: 07/22/2022 ADDRESS: 2 Lafayette Square MARKET: Haverhill, MA ASSET TYPE: Multifamily BROKER: Steve Pascoe - HomeSmart Success Realty SALE PRICE: $1,275,000 UNITS: 8 ~ PPU: $159,375 SF: 2,890 ~ PPSF: $441

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,529.81
Cash-on-Cash Return-1.27%
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