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
Danvers 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
14.16%
Cash-on-Cash
-4.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93