Lillian Montalto Signature Properties Acquires Multifamily Property In Andover, MA For $1.1M
45-47 Elm Street, Andover, Massachusetts, USA
$1,100,000
$232/SF
Building Size
4,731 SF
Asset Type
MultiFamily
Closing
Apr 13, 2021
AI
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.
Players
Andover 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93