Updated Oct 28, 2024
JML LLC Sells 3-Unit Multifamily Property In Salem, MA For $884K
22 Proctor Street, Salem, Massachusetts 01970, United States
$884,000
$236/SF
Building Size
3,740 SF
Asset Type
MultiFamily
Closing
Apr 12, 2022
About this deal
AI
A three-unit multifamily property located at 22 Proctor St in Salem, MA recently sold for a total of $884,000. The property spans across 3,740 square feet, with an average price per square foot of $236. It is situated in the Salem market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $884,000
- Units: 3
- Price per Unit: $294,667
- Square Footage: 3,740
- Price per Square Foot: $236
- Address: 22 Proctor St, Salem, MA
- Market: Salem, MA
The sale of this three-unit multifamily property was facilitated by Sara Pouladian and Dan Pouladian from North Shore Realty Advisors. They represented the seller, JML LLC, in this transaction. This property offers a great size and is an attractive investment opportunity in Salem.
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
17.94%
Cash-on-Cash
-5.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93