Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,120,000
$354/SF
MultiFamily
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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