Akinyemi Dosumu's Coldwell Banker Realty Acquires Multifamily Property In Salem, MA For $1.08M
22 Prince St, Salem, Massachusetts 01970, United States
$1,080,000
$263/SF
Building Size
4,095 SF
Asset Type
MultiFamily
Closing
Dec 9, 2021
AI
Located at 22-24 Prince St in Salem, MA, this multifamily property was recently sold. The transaction took place on December 10, 2021, with a sale price of $1,080,000. The property spans across 4,095 square feet, resulting in a price per square foot of $264. Francesca Little represented the seller as the seller's representative from Little & Co., REALTORS, while Akinyemi Dosumu represented the buyer as the buyer's representative from Coldwell Banker Realty - Beverly.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $1,080,000
- Address: 22-24 Prince St, Salem, MA
Francesca Little, from Little & Co., REALTORS, served as the seller's representative in this transaction. Akinyemi Dosumu, from Coldwell Banker Realty - Beverly, represented the buyer. These individuals played key roles in facilitating the successful sale of the property.
Players
Salem 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
14.69%
Cash-on-Cash
-4.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93