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45-47 Elm Street, Andover, ...

Lillian Montalto Signature Properties Acquires Multifamily Property In Andover, MA For $1.1M
SOLDMultiFamily

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

Sherri DiBarri

Broker

$9.5M

vol

4 deals

Broker

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