Updated Dec 4, 2024
Luciano Hoxhaj & Magdiel Matias Facilitate $1.025M Sale Of Multifamily Property In Amesbury
50 Market Street
$1,025,000
$260/SF
Building Size
3,933 SF
Asset Type
MultiFamily
Closing
Jun 28, 2024
About this deal
AI
A six-unit property at 50 Market St in Amesbury, MA sold for $1.025 million, featuring 8 bedrooms and 6 bathrooms across 3,933 sq ft. This investment property, built in 1890, offers stable rental income and potential for rent growth in a prime location.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- Units: 6
- Price Per Unit: $170,833
- Square Footage: 3,933
- Price Per Sq Foot: $261
- Address: 50 Market Street, Amesbury, MA
- Market: Amesbury, MA
- Buyer's Rep: Luciano Hoxhaj - Alb Realty
- Seller's Rep: Magdiel Matias -Matias Realty
Luciano Hoxhaj from Alb Realty represented the buyer in this transaction, while Magdiel Matias from Matias Realty represented the seller. The deal involved a well-maintained property with historical charm, offering a mix of residential units and the potential for future income growth.
Players
Amesbury 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
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93