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Multifamily Property In Rockport, MA Sells For $1.75M With Buyer's Rep Kimberly Lorden & Seller's Rep Amanda Armstrong
SOLD
Massachusetts
See Similar DealsMultiFamily2,040 SF
Sold 01/18/2024
SOLD
Multifamily Property In Rockport, MA Sells For $1.75M With Buyer's Rep Kimberly Lorden & Seller's Rep Amanda Armstrong
69r Main Street
See Similar DealsMultiFamily2,040 SF
Sold 01/18/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$857
Total Square Footage:2,040 SF
Transaction Type:Sale
A multifamily property located at 69r Main Street in Rockport, MA, was sold for $1,750,000. The property, spanning 2,040 square feet, was purchased at a price per square foot of $858.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Address: 69r Main Street, Rockport, MA
- Market: Rockport, MA
- Buyer's Representative: Kimberly Lorden - Advisors Living
- Seller's Representative: Amanda Armstrong - Compass
The transaction was facilitated by Kimberly Lorden of Advisors Living, who represented the buyer, and Amanda Armstrong of Compass, who represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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