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Luciano Hoxhaj & Magdiel Matias Facilitate $1.025M Sale Of Multifamily Property In Amesbury

Property Image
SOLD
$1,025,000
Magdiel Matias
Luciano Hoxhaj

Massachusetts

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MultiFamily3,933 SF
Sold 06/28/2024
the dealplayerscompscontact
Property Image
SOLD

Luciano Hoxhaj & Magdiel Matias Facilitate $1.025M Sale Of Multifamily Property In Amesbury

50 Market Street

See Similar Deals
MultiFamily3,933 SF
Sold 06/28/2024
Magdiel Matias
Luciano Hoxhaj
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$260
Total Square Footage:3,933 SF
Transaction Type:Sale

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

Magdiel Matias
Matias Realty
Magdiel Matias
1 deal$1M volume(978) 891-0249
BROKER
Luciano Hoxhaj
Luciano Hoxhaj
1 deal$1M volume(978) 473-0198
BROKER

Details

SOLD
IMAGE: Luciano Hoxhaj & Magdiel Matias DATE: 06/28/2024 ADDRESS: 50 Market Street MARKET: Amesbury, MA ASSET TYPE: Multifamily BUYER'S REP: Luciano Hoxhaj (@LucHoxhajRE) - Alb Realty SELLER'S REP: Magdiel Matias (@Magdiel_Matias) - Matias Realty SALE PRICE: $1,025,000 UNITS: 6 ~ PPU: $170,833 SF: 3,933 ~ PPSF: $261 NOTE: 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.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$54,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,641.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,859.02
Annual Debt Service$58,308.28