RE/MAX Advantage Real Estate Represents Buyer In $1.1M Multifamily Sale In Beverly, MA
23 Washington Street, Beverly, Massachusetts, USA
$1,113,000
$253/SF
Building Size
4,390 SF
Asset Type
MultiFamily
Closing
Jul 9, 2020
AI
Located at 23 Washington Street in Beverly, MA, this recently sold multifamily property offers a total square footage of 4,390. The transaction took place on July 10, 2020, with a sale price of $1,113,000. The property was sold at an average price per square foot (PPSF) of $253.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,113,000
- Square Footage: 4,390
- Price per Square Foot (PPSF): $253
- Market: Beverly, MA
Kathleen Sullivan, from RE/MAX Advantage Real Estate, represented the buyer in this transaction, while Derek Greene, from The Greene Realty Group, represented the seller.
Players
Beverly 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
14.25%
Cash-on-Cash
-4.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93