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22 Prince St, Salem, Massac...

Akinyemi Dosumu's Coldwell Banker Realty Acquires Multifamily Property In Salem, MA For $1.08M
SOLDMultiFamily

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

Francesca Little

Little & Co

Broker

$15.1M

vol

7 deals

Broker

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