Dan Bernal & Justin Repp Represent Sale Of Multifamily Property In Salem, MA For $1.025M
SOLD
$1,025,000
Massachusetts
See Similar DealsMultiFamily3,521 SF
Sold 10/27/2021
SOLD
Dan Bernal & Justin Repp Represent Sale Of Multifamily Property In Salem, MA For $1.025M
255 Jefferson Ave, Salem, MA, USA
See Similar DealsMultiFamily3,521 SF
Sold 10/27/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$291
Total Square Footage:3,521 SF
Transaction Type:Sale
The multifamily property located at 255 Jefferson Ave in Salem, MA has been sold. The transaction took place on October 27, 2021, for a sale price of $1,025,000. The property spans across 3,521 square feet, resulting in a price per square foot of $291.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- Square Footage: 3,521
- Address: 255 Jefferson Ave, Salem, MA
- Market: Salem, MA
Dan Bernal from J. Barrett & Company represented the buyer in the transaction, while Justin Repp from Keller Williams Realty Evolution represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,641.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,859.02
Annual Debt Service$58,308.28
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