Berkshire Hathaway HomeServices Acquires Fairhaven Multifamily For $1.44M
2 Starboard Dr, Fairhaven, Massachusetts, USA
$1,440,000
$288/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Apr 13, 2021
AI
The multifamily property located at 2 Starboard Dr in Fairhaven, MA has been sold for a price of $1,440,000. The property spans across 5,000 square feet, resulting in a price per square foot of $288.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,440,000
- Address: 2 Starboard Dr, Fairhaven, MA
- Market: Fairhaven, MA
The seller's representative for this transaction was Mathew J. Arruda from Berkshire Hathaway HomeServices Robert Paul Properties, while the buyer was represented by John Mathieu from Oceanwood Real Estate.
Players
Fairhaven MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.02%
Cash-on-Cash
-3.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93