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Northeast Private Client Group Facilitates $4.95M Multifamily Sale In North Andover, MA

Property Image
SOLD
$4,950,000

Massachusetts

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MultiFamily450 SF
Sold 05/13/2021
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Property Image
SOLD

Northeast Private Client Group Facilitates $4.95M Multifamily Sale In North Andover, MA

90 Sutton Street, North Andover, Massachusetts, USA

See Similar Deals
MultiFamily450 SF
Sold 05/13/2021
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$11,000
Total Square Footage:450 SF
Transaction Type:Sale

A multifamily property located at 90 Sutton Street in North Andover, MA has been sold for $4,950,000. The property consists of 34 units, with a price per unit of $145,588. It sits on a 1.06-acre lot, with a price per acre of $4,669,811.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,950,000
  • Address: 90 Sutton Street, North Andover, MA
  • Market: North Andover, MA
  • Units: 34
  • Price Per Unit: $145,588
  • Acres: 1.06
  • Price Per Acre: $4,669,811

The sale of this multifamily property was facilitated by Francis Saenz and Drew Kirkland from Northeast Private Client Group.

Players

Drew Kirkland
18 deals$94.8M volume(857) 990-6802
BROKER

Francis Saenz
NorthEast Private Client Group
15 deals$72.7M volume(857) 990-6803
BROKER

Details

SOLD
IMAGE: Francis Saenz & Drew Kirkland DATE: 05/13/2021 ADDRESS: 90 Sutton Street MARKET: North Andover, MA ASSET TYPE: Multifamily BROKERS: Francis Saenz & Drew Kirkland - Northeast Private Client Group SALE PRICE: $4,950,000 UNITS: 34 ~ PPU: $145,588 ACRES: 1.06 ~ PPA: $4,669,811

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$264,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,586.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,465.53
Annual Debt Service$281,586.30