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Michael Selbst Of Gibson Sotheby's International Realty Represents Buyer In Salem Multifamily Sale For $1.005M

Property Image
SOLD
$1,005,000

Massachusetts

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MultiFamily3,420 SF
Sold 07/19/2024
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Property Image
SOLD

Michael Selbst Of Gibson Sotheby's International Realty Represents Buyer In Salem Multifamily Sale For $1.005M

6 Horton Street

See Similar Deals
MultiFamily3,420 SF
Sold 07/19/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$293
Total Square Footage:3,420 SF
Transaction Type:Sale

A three-family property located at 6 Horton Street in Salem, MA, has been sold for $1,005,000. The asset comprises 3,420 square feet and offers 8 bedrooms and 3 bathrooms. The structure was built in 1900 and includes features such as updated kitchens and baths, along with a large fenced yard, situated in a quiet neighborhood close to Salem Hospital and downtown.

Summary of transaction details:

Michael Selbst represented the buyer in this transaction while Justin Repp represented the seller. Each broker is affiliated with prominent real estate firms, aiding in the successful completion of this multifamily property sale.

Players

Justin Repp
4 deals$4.1M volume
BROKER

Michael Selbst
Sotheby's International Realty
1 deal$1M volume(617) 504-9159
BROKER

Details

SOLD
IMAGE: Michael Selbst & Justin Repp DATE: 07/19/2024 ADDRESS: 6 Horton Street MARKET: Salem, MA ASSET TYPE: Multifamily BUYER'S REP: Michael Selbst (@MichaelSelbst) - Gibson Sotheby's International Realty (@Gibson_SIR) SELLER'S REP: Justin Repp (@Justin.Repp.Realty) - Keller Williams (@KellerWilliamsRealty) SALE PRICE: $1,005,000 UNITS: 3 ~ PPU: $335,000 SF: 3,420 ~ PPSF: $294 NOTE: A three-family property at 6 Horton St, Salem, sold for $1.005M, featuring 8 beds and 3 baths across 3,420 sq ft. The well-maintained 1900-built home includes updated kitchens and baths, a large fenced yard, and is located in a quiet neighborhood near Salem Hospital and downtown.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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