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Dennis Kelleher, John Pentore & Spencer Norton Of Horvath & Tremblay Sell Multifamily Portfolio In Haverhill For $3.2M

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SOLD
$3,200,000

Massachusetts

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MultiFamily29,236 SF
Sold 02/28/2025
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SOLD

Dennis Kelleher, John Pentore & Spencer Norton Of Horvath & Tremblay Sell Multifamily Portfolio In Haverhill For $3.2M

27 Vine Street & 30 Vine Street

See Similar Deals
MultiFamily29,236 SF
Sold 02/28/2025
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$109
Total Square Footage:29,236 SF
Transaction Type:Sale

27, 28, and 30 Vine Street are multifamily properties located in Haverhill, MA, comprising a total of 19 units. The sale was completed for $3,200,000, which constitutes a price per unit of $168,421. The properties encompass 14,618 square feet, resulting in a price per square foot of $219. These assets have seen recent upgrades, including new roofs and siding.

Summary of transaction details:

The transaction involved the brokerage team of Dennis Kelleher, John Pentore, and Spencer Norton, who represented the interests throughout the sale of these multifamily properties, indicating a strategic collaboration in the market.

Players

Dennis Kelleher
93 deals$541.1M volume
BROKER

John Pentore
Horvath & Tremblay
97 deals$560.2M volume
BROKER

Spencer Norton
Horvath & Tremblay
19 deals$78.4M volume
BROKER

Details

SOLD
IMAGE: Dennis Kelleher, John Pentore & Spencer Norton DATE: 02/28/2025 ADDRESS: 27, 28 & 30 Vine Street MARKET: Haverhill, MA ASSET TYPE: Multifamily BROKERS: Dennis Kelleher, John Pentore (@Juconn) & Spencer Norton - Horvath & Tremblay SALE PRICE: $3,200,000 UNITS: 19 ~ PPU: $168,421 SF: 14,618 ~ PPSF: $219 NOTE: The H&T trio sold 27, 28, and 30 Vine St., a 19-unit multifamily portfolio, for $3.2M ($168,421 per unit). The properties total 14,618 s/f of living space and have undergone recent upgrades, including new roofs and siding.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$170,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59