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Hancock Realty Group Sells Andover, MA Multifamily Property For $3.5M

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SOLD
$3,500,000

Massachusetts

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MultiFamily10,103 SF
Sold
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Property Image
SOLD

Hancock Realty Group Sells Andover, MA Multifamily Property For $3.5M

37 Maple Avenue, Andover, Massachusetts 01810, United States

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MultiFamily10,103 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$346
Total Square Footage:10103 SF
Transaction Type:Sale

An Andover, MA multifamily property located at 37 Maple Ave has recently been sold for $3,500,000. The sale was facilitated by Sherri DiBarri of Hancock Realty Group. The property spans approximately 10,103 square feet, resulting in a price per square foot of $346.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,500,000
  • Address: 37 Maple Ave, Andover, MA
  • Broker: Sherri DiBarri - Hancock Realty Group
  • Square Footage: 10,103
  • Price per Square Foot: $346

The involvement of Sherri DiBarri from Hancock Realty Group played a pivotal role in successfully executing the sale of this multifamily property. The completion of this transaction further highlights the expertise and capabilities of the individuals and companies involved.

Players

4 deals$9.5M volume
BROKER

Details

SOLD
IMAGE: Sherri DiBarri DATE: 12/23/2021 ADDRESS: 37 Maple Ave MARKET: Andover, MA ASSET TYPE: Multifamily BROKER: Sherri DiBarri - Hancock Realty Group SALE PRICE: $3,500,000 SF: 10,103 ~ PPSF: $346

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

$186,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43