Lillian Montalto Signature Properties Acquires Multifamily Property In Andover, MA For $1.1M
SOLD
Massachusetts
See Similar DealsMultiFamily4,731 SF
Sold
SOLD
Lillian Montalto Signature Properties Acquires Multifamily Property In Andover, MA For $1.1M
45-47 Elm Street, Andover, Massachusetts, USA
See Similar DealsMultiFamily4,731 SF
Sold
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$232
Total Square Footage:4731 SF
Transaction Type:Sale
An multifamily property located at 45-47 Elm Street in Andover, MA has been sold for $1,100,000. The property spans a total square footage of 4,731, resulting in a price per square foot of $233. This transaction took place on April 14, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 45-47 Elm Street, Andover, MA
- Market: Andover, MA
Sherri DiBarri, representing Hancock Realty Group LLC, acted as the seller's representative in this deal. Meanwhile, Team Lillian Montalto, from Lillian Montalto Signature Properties, represented the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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