Updated Dec 4, 2024
Stacy Ashton Of Ashton Realty Group Represents Buyer In $1.26M Sale Of Amherst Multifamily
351 Main Street
$1,262,000
$252/SF
Building Size
4,991 SF
Asset Type
MultiFamily
Closing
Aug 2, 2024
About this deal
AI
A 7-unit building at 351 Main Street in Amherst, MA, has been sold for $1,262,000. The property spans 4,991 square feet and includes ample parking, on-site laundry facilities, and features a combination of 1-bedroom and 2-bedroom units that offer high ceilings and exterior deck space.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,262,000
- Units: 7
- Price Per Unit: $180,286
- Square Footage: 4,991
- Price Per Square Foot: $253
The buyer's representative for this transaction was Stacy Ashton from Ashton Realty Group, while the seller was represented by Stiles & Dunn from William Raveis R.E. & Home Services.
Players
Amherst 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
12.57%
Cash-on-Cash
-3.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93