Updated Dec 4, 2024
Tom Carroll & Bill Buck Facilitate $2.5M Multifamily Sale In Andover, MA
80 Carmel Road
$2,500,000
$274/SF
Building Size
9,109 SF
Asset Type
MultiFamily
Closing
Mar 15, 2024
About this deal
AI
A multifamily property located at 80 Carmel Road in Andover, MA, was sold for $2,500,000. The property spans 9,109 square feet and was traded at approximately $274 per square foot.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Address: 80 Carmel Road
- Market: Andover, MA
The buyer in this transaction, Tom Carroll from Re/Max, successfully represented the acquiring party. On the other side, the seller was represented by Bill Buck from Stone Wall Real EstateProfessionals, closing the deal for the multifamily property on March 15, 2024.
Players
Andover 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93