Updated Dec 19, 2023
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
About this deal
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.
On the Map
$1,100,000
$232/SF
MultiFamily
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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