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Heidi Roberts & Mark T. Vadala Close $1.12M Multifamily Sale In Danvers
SOLD
Massachusetts
See Similar DealsMultiFamily3,163 SF
Sold 04/01/2024
SOLD
Heidi Roberts & Mark T. Vadala Close $1.12M Multifamily Sale In Danvers
20 Washington Street
See Similar DealsMultiFamily3,163 SF
Sold 04/01/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$354
Total Square Footage:3,163 SF
Transaction Type:Sale
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.
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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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