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4-6 Bartlett St, Beverly, M...

Herrick Lutts Realty Partners Brokers Sell Multifamily Property In Beverly, MA For $1.2M
SOLDMultiFamily

Herrick Lutts Realty Partners Brokers Sell Multifamily Property In Beverly, MA For $1.2M

4-6 Bartlett St, Beverly, Massachusetts, USA

$1,200,000

$233/SF

Building Size

5,136 SF

Asset Type

MultiFamily

Closing

Aug 24, 2021

AI

The multifamily property located at 4-6 Bartlett St in Beverly, MA has been sold. This property consists of 6 units and spans across 5,136 square feet. The asking price for this property was $1,250,000, and it was ultimately sold for $1,200,000. This translates to a per unit price of $200,000 and a price per square foot of $234.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Units: 6
  • Price Per Unit: $200,000
  • Square Footage: 5,136
  • Price Per Square Foot: $234
  • Market: Beverly, MA

Nicholas Zolotas, Jason Grzybek, and Peter Lutts from Herrick Lutts Realty Partners represented the parties involved in this transaction as brokers.

Players

Nicholas Zolotas

Herrick Lutts Realty Partners

Broker

$93.1M

vol

33 deals

Broker

Beverly 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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93