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Tracey Hutchinson & Prescott White Facilitate $1.484M Multifamily Sale In Haverhill, MA
SOLD
Massachusetts
See Similar DealsMultiFamily11,000 SF
Sold 04/24/2024
SOLD
Tracey Hutchinson & Prescott White Facilitate $1.484M Multifamily Sale In Haverhill, MA
629 River Street & 635 River Street
See Similar DealsMultiFamily11,000 SF
Sold 04/24/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$134
Total Square Footage:11,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,146.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,272.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,034.92
Annual Debt Service$84,419.01
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