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37 Dutcher St, Hopedale, MA...

Dutcher Manor LLC Sells Hopedale Property For $2.2 Million With John's Rep New England Apartment Group
SOLDMultiFamily

Dutcher Manor LLC Sells Hopedale Property For $2.2 Million With John's Rep New England Apartment Group

37 Dutcher St, Hopedale, MA, 01747

$2,200,000

Building Size

Asset Type

MultiFamily

Closing

Nov 20, 2023

AI

The property involved in the transaction is a 24-unit vinyl sided apartment building located at 37 Dutcher St, Hopedale, MA, 01747. The transaction was completed for a price of $2,200,000. The building, established in 1920, comprises 23 two-bedroom units and 1 one-bedroom unit.

Summary of transaction details:

  • Property Type: Apartment Building
  • Transaction Amount: $2,200,000.00
  • Seller: Dutcher Manor, LLC
  • Buyer's Representative: 37 Dutcher Hopedale, LLC
  • Seller's Representative: John Slyman-New England Apartment Group

John Slyman, representing New England Apartment Group, facilitated the transaction for the seller, Dutcher Manor, LLC. New England Apartment Group has a focus on selling apartment buildings in the private client segment throughout New England, having handled multiple transactions in the region and successfully procuring buyers for other properties in the area.

Players

John Slyman

New England Apartment Group

Broker

$16M

vol

3 deals

Broker

Hopedale 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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93