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.
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