Yvette Guerra Acquires Multifamily Property In Methuen, MA For $8.25M
SOLD
Massachusetts
See Similar DealsMultiFamily52,216 SF
Sold 03/01/2024
SOLD
Yvette Guerra Acquires Multifamily Property In Methuen, MA For $8.25M
17-19 Grove Street
See Similar DealsMultiFamily52,216 SF
Sold 03/01/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$158
Total Square Footage:52,216 SF
Transaction Type:Sale
The multifamily property located at 70-72 Union Street & 17-19 Grove Street in Methuen, MA, was sold for $8,250,000. This property consists of 36 units with a price per unit of $229,167. The total square footage of the property is 26,108, resulting in a price per square foot of $316.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,250,000
- Units: 36
- Price Per Unit: $229,167
- Square Footage: 26,108
- Price Per Square Foot: $316
- Address: 70-72 Union Street & 17-19 Grove Street, Methuen, MA
Yvette Guerra acquired the property from Irshad Sideeka. The transaction was facilitated by Spencer Norton, Dennis Kelleher, and John Pentore from Horvath & Tremblay.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$439,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,310.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,109.21
Annual Debt Service$469,310.51
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