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
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