facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

8 Hale Street

Carole Lynn Sharoff Of Avh Realty Represents Buyer In $1.225M Rockport Multifamily Sale
SOLDMultiFamily

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

Jeanine Moulden

Mango Realty

Broker

$1.2M

vol

1 deal

Broker

Rockport MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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