Mark Beliveau Of Merrimack Realty Group Acquires Multifamily Property In Salisbury, MA For $1.19M
SOLD
Massachusetts
See Similar DealsMultiFamily3,746 SF
Sold 05/28/2020
SOLD
Mark Beliveau Of Merrimack Realty Group Acquires Multifamily Property In Salisbury, MA For $1.19M
264 North End Boulevard, Salisbury, MA 01952
See Similar DealsMultiFamily3,746 SF
Sold 05/28/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$317
Total Square Footage:3,746 SF
Transaction Type:Sale
The multifamily property located at 264 N End Blvd in Salisbury, MA has been sold for a price of $1,190,000. The property spans across 3,746 square feet, resulting in a price per square foot of $318. The transaction took place on 05/28/2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,190,000
- Address: 264 N End Blvd, Salisbury, MA
- Market: Salisbury, MA
- Seller's Rep: Mark Sullivan - T.A. Sullivan Agency Inc.
- Buyer's Rep: Mark Beliveau - Merrimack Realty Group
- SF: 3,746
- PPSF: $318
Mark Beliveau represented the buyer, Merrimack Realty Group, while Mark Sullivan represented the seller under the agency T.A. Sullivan Agency Inc.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$63,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,227.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,641.21
Annual Debt Service$67,694.49
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