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286 Washington Street

Francesca Little Of Little & Co Brokers $2M Sale Of MultiFamily At 286 Washington Street Salem
SOLDMultiFamily

Francesca Little Of Little & Co Brokers $2M Sale Of MultiFamily At 286 Washington Street Salem

286 Washington Street

$2,000,000

$426/SF

Building Size

4,695 SF

Asset Type

MultiFamily

Closing

Dec 6, 2024

AI

The multi-family property located at 286 Washington Street in Salem, MA has been sold for $2 million. The asset encompasses a total area of 4,695 square feet, resulting in a price per square foot of $426.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,000,000
  • Square Footage: 4,695 SF
  • Price per Square Foot: $426
  • Address: 286 Washington Street
  • Market: Salem, MA
  • Broker: Francesca Little - Little & Co

The transaction was brokered by Francesca Little representing the interests of the seller through her agency, Little & Co.

Players

Francesca Little

Little & Co

Broker

$15.1M

vol

7 deals

Broker

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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93