Gwen Washburn Acquires Multifamily Property In Topsfield For $1.5M
SOLD
Massachusetts
See Similar DealsMultiFamily4,438 SF
Sold 12/08/2021
SOLD
Gwen Washburn Acquires Multifamily Property In Topsfield For $1.5M
59 Main St, Topsfield, Massachusetts, USA
See Similar DealsMultiFamily4,438 SF
Sold 12/08/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$338
Total Square Footage:4,438 SF
Transaction Type:Sale
The multifamily property located at 59 Main St in Topsfield, MA has been sold for a price of $1,500,000. The property spans over 4,438 square feet, resulting in a price per square foot of $338.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Date: 12/08/2021
- Address: 59 Main St, Topsfield, MA
- Market: Topsfield, MA
The buyer's representative for this transaction was Gwen Washburn from Coldwell Banker Realty - Topsfield, while the seller's representative was Andrea O'Reilly from Keller Williams Realty Evolution.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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