Updated Dec 21, 2023
Joe & Cindy Team Acquires Multifamily Property In Andover, MA For $1.645M
80 Carmel Road
$1,645,000
$180/SF
Building Size
9,109 SF
Asset Type
MultiFamily
Closing
May 3, 2021
About this deal
AI
The multifamily property located at 80 Carmel Rd in Andover, MA has been sold. The transaction took place on 05/04/2021, with a sale price of $1,645,000. The property spans a total area of 9,109 square feet, resulting in a price per square foot of $181.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,645,000
- Market: Andover, MA
- Address: 80 Carmel Rd
The sale was facilitated by The Joe & Cindy Team from William Raveis R.E. & Home Services. Joe Ippolito and Cindy DeMartino were the brokers representing the parties involved in the deal.
Players
Andover MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Andover multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.64%
Cash-on-Cash
-2.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93