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629 River Street

Tracey Hutchinson & Prescott White Facilitate $1.484M Multifamily Sale In Haverhill, MA
SOLDMultiFamily

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

Tracey Hutchinson

Churchill Properties

Broker

$3M

vol

2 deals

Broker

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