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

Property Image
SOLD
$1,200,000

Massachusetts

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MultiFamily5,136 SF
Sold 08/25/2021
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Property Image
SOLD

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

4-6 Bartlett St, Beverly, Massachusetts, USA

See Similar Deals
MultiFamily5,136 SF
Sold 08/25/2021
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$233
Total Square Footage:5,136 SF
Transaction Type:Sale

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 (Nick) Zolotas
33 deals$93.1M volume(978) 968-0308
BROKER

Jason Grzybek
Herrick Lutts Realty Partners
7 deals$20.6M volume(978) 430-2881
BROKER

Peter Lutts
4 deals$25.8M volume
BROKER

Details

SOLD
IMAGE: Nicholas Zolotas, Jason Grzybek & Peter Lutts DATE: 08/25/2021 ADDRESS: 4-6 Bartlett St MARKET: Beverly, MA ASSET TYPE: Multifamily BROKERS: Nicholas Zolotas (@Nick_Zolotas), Jason Grzybek (@Jason_Grzybek), & Peter Lutts - Herrick Lutts Realty Partners (@HerrickLuttsRealty) ASKING PRICE: $1,250,000 SALE PRICE: $1,200,000 UNITS: 6 ~ PPU: $200,000 SF: 5,136 ~ PPSF: $234

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Debt Service Coverage Ratio (DSCR)

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