Carole Lynn Sharoff Of Avh Realty Represents Buyer In $1.225M Rockport Multifamily Sale
8 Hale Street
$1,225,000
$796/SF
Building Size
1,539 SF
Asset Type
MultiFamily
Closing
Jul 22, 2024
AI
A three-family home located at 8 Hale Street in Rockport, MA, was sold for $1,225,000. The property has a total of 1,539 square feet and includes 4 bedrooms and 4 bathrooms. The price per unit is $408,333, while the price per square foot is $796. The property was renovated in 2019 and is situated in Rockport's Cultural District, close to Front Beach and local attractions.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Address: 8 Hale Street
- Market: Rockport, MA
- Units: 3
- PPU: $408,333
- SF: 1,539
- PPSF: $796
The buyer's representative for this transaction was Carole Lynn Sharoff from Avh Realty, while Jeanine Moulden from Mango Realty represented the seller. The property offers potential for various uses, including as a multi-generational home, short-term rental, or condominium conversion.
Players
Rockport 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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93