Lux Realty North Shore Facilitates $1.13M Sale Of Multifamily Property In Beverly, MA
SOLD
$1,130,000
Massachusetts
See Similar DealsMultiFamily3,318 SF
Sold 04/29/2022
SOLD
Lux Realty North Shore Facilitates $1.13M Sale Of Multifamily Property In Beverly, MA
752 Hale Street, Beverly, Massachusetts 01915, United States
See Similar DealsMultiFamily3,318 SF
Sold 04/29/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$340
Total Square Footage:3,318 SF
Transaction Type:Sale
A multifamily property located at 752 Hale St in Beverly, MA has recently been sold for $1,130,000. The property spans 3,318 square feet, resulting in a price per square foot of $341. This transaction took place on April 29, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,130,000
- Address: 752 Hale St, Beverly, MA
- Market: Beverly, MA
- Buyer's Representative: Mike Cotraro & Mary Cotraro - Lux Realty North Shore
- Seller's Representative: Pizzo Johanson Team - Lux Realty North Shore
Mike Cotraro & Mary Cotraro from Lux Realty North Shore represented the buyer in this transaction. The seller was represented by the Pizzo Johanson Team, also from Lux Realty North Shore.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,014.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,356.78
Annual Debt Service$64,281.32
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