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20 Washington Street

Heidi Roberts & Mark T. Vadala Close $1.12M Multifamily Sale In Danvers
SOLDMultiFamily

Heidi Roberts & Mark T. Vadala Close $1.12M Multifamily Sale In Danvers

20 Washington Street

$1,120,000

$354/SF

Building Size

3,163 SF

Asset Type

MultiFamily

Closing

Apr 1, 2024

AI

A well-maintained property at 20 Washington St, Danvers, MA 01923, featuring a large 2-family Colonial with two 3-bedroom apartments and a separate 2-bedroom single-family Colonial, sold for $1,120,000. The property spans 3,163 square feet, resulting in a price per square foot of $354.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,120,000
  • Address: 20 Washington Street, Danvers, MA
  • Market: Danvers, MA
  • Buyer's Rep: Heidi Roberts - Keller Williams
  • Seller's Rep: Mark T. Vadala - Vadala Real Estate

The buyer's representative for this transaction was Heidi Roberts from Keller Williams, while the seller's representative was Mark T. Vadala from Vadala Real Estate.

Players

Mark T. Vadala

Vadala Real Estate

Broker

$1.1M

vol

1 deal

Broker

Danvers 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

14.16%

Cash-on-Cash

-4.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93