Hancock Realty Group Sells Andover, MA Multifamily Property For $2.71M
SOLD
$2,714,285
Massachusetts
See Similar DealsMultiFamily11,159 SF
Sold
SOLD
Hancock Realty Group Sells Andover, MA Multifamily Property For $2.71M
22 Hidden Road, Andover, Massachusetts 01810, United States
See Similar DealsMultiFamily11,159 SF
Sold
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$243
Total Square Footage:11159 SF
Transaction Type:Sale
The sale of a multifamily property located at 22 Hidden Rd in Andover, MA has been completed. The transaction was handled by Sherri DiBarri of Hancock Realty Group. The property spans across 11,159 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $2,714,285
- Address: 22 Hidden Rd
- Market: Andover, MA
- Broker: Sherri DiBarri - Hancock Realty Group
Notable aspects of this transaction include the sale price of $2,714,285 and a price per square foot of $243.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,761.87
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,643.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,867.10
Annual Debt Service$154,405.15
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