Berkshire Hathaway HomeServices Acquires Fairhaven Multifamily For $1.44M
SOLD
$1,440,000
Massachusetts
See Similar DealsMultiFamily5,000 SF
Sold 04/14/2021
SOLD
Berkshire Hathaway HomeServices Acquires Fairhaven Multifamily For $1.44M
2 Starboard Dr, Fairhaven, Massachusetts, USA
See Similar DealsMultiFamily5,000 SF
Sold 04/14/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$288
Total Square Footage:5,000 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$76,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,116.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,826.33
Annual Debt Service$81,916.02
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