Tracey Hutchinson & Prescott White Facilitate $1.484M Multifamily Sale In Haverhill, MA
629 River Street & 635 River Street
$1,484,000
$134/SF
Building Size
11,000 SF
Asset Type
MultiFamily
Closing
Apr 24, 2024
AI
629-635 River St in Haverhill, MA, sold for $1.484 million. This multifamily property consists of 5 units spanning 5,500 square feet, equating to a price per unit of $296,800 and a price per square foot of $270.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,484,000
- Units: 5
- Price per Unit: $296,800
- Square Footage: 5,500
- Price per Square Foot: $270
- Address: 629-635 River Street, Haverhill, MA
- Market: Haverhill, MA
Tracey Hutchinson of Churchill Properties represented the buyer in this transaction, while Prescott White ofCommonwealth Properties Residential represented the seller.
Players
Haverhill 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
10.69%
Cash-on-Cash
-3.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93