Updated Oct 28, 2024
5 Charles Street LLC Acquires Multifamily Property In Beverly For $955,000
5 Charles Street, Beverly, Massachusetts 01915, United States
$955,000
$218/SF
Building Size
4,371 SF
Asset Type
MultiFamily
Closing
Jun 1, 2022
About this deal
AI
The multifamily property located at 5 Charles St in Beverly, MA has been sold. The transaction took place on 06/02/2022 and involved the buyer, 5 Charles Street LLC, and the seller, Cabot Company LLC. The property was marketed by Sara Pouladian and Dan Pouladian from North Shore Realty Advisors.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $955,000
- Address: 5 Charles St, Beverly, MA
- Market: Beverly, MA
- Asking Price: $950,000
- Units: 3
- Price per Unit: $318,333
- Square Footage: 4,371
- Price per Square Foot: $218
Sara Pouladian and Dan Pouladian from North Shore Realty Advisors represented the buyer and the seller in this transaction. The property offers 3 units with a total square footage of 4,371. The sale price of $955,000 indicates a price per unit of $318,333 and a price per square foot of $218.
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
16.61%
Cash-on-Cash
-4.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93