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Roy Johnson & Madison O'Brien Facilitate $1.5M Multifamily Sale In Amherst

Property Image
SOLD
$1,500,000
Madison O'Brien
Roy Johnson

Massachusetts

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MultiFamily5,568 SF
Sold 04/19/2024
the dealplayerscompscontact
Property Image
SOLD

Roy Johnson & Madison O'Brien Facilitate $1.5M Multifamily Sale In Amherst

22-30 Nutting Avenue

See Similar Deals
MultiFamily5,568 SF
Sold 04/19/2024
Madison O'Brien
Roy Johnson
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$269
Total Square Footage:5,568 SF
Transaction Type:Sale

Located at 22-30 Nutting Avenue in Amherst, Massachusetts, this multi-family property consists of two buildings sold together for $1.5 million. The total square footage of the property is 5,568, with a price per unit of $750,000 and a price per square foot of $269.

Summary of transaction details:

Roy Johnson from William Raveis Real Estate represented the buyer in this transaction, while Madison O'Brien from Kelleher & Sadowsky Associates represented the seller. The property offers the potential for conversion to six units and is currently leased until May 2025.

Players

Madison O'Brien
Kelleher & Sadowsky
Madison O'Brien
1 deal$1.5M volume(508) 320-7352
BROKER
Roy Johnson
William Raveis Real Estate
Roy Johnson
1 deal$1.5M volume(413) 237-7757
BROKER

Details

SOLD
IMAGE: Roy Johnson & Madison O'Brien DATE: 04/19/2024 ADDRESS: 22-30 Nutting Avenue MARKET: Amherst, MA ASSET TYPE: MultiFamily BUYER'S REP: Roy Johnson - William Raveis Real Estate (@WilliamRaveis) SELLER'S REP: Madison O'Brien - Kelleher & Sadowsky Associates SALE PRICE: $1,500,000 UNITS: 2 ~ PPU: $750,000 SF: 5,568 ~ PPSF: $269 NOTE: Two multifamily properties on Nutting Ave in Amherst, Massachusetts, were sold together for $1.5 million. With a total of 12 bedrooms and 4 bathrooms, they offer potential for conversion to six units and are currently leased until May 2025.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$79,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18