SOLDMultiFamily
Multifamily Property In Morristown Sold For $1.4M With Buyer's Rep Lucas Wolf & Seller's Rep Brenda Lee
21 Speedwell Place
$1,407,500
Building Size
—
Asset Type
MultiFamily
Closing
Dec 11, 2023
AI
A multifamily property located at 21 Speedwell Place in Morristown, spanning 0.34 acres, has recently been sold for a total of $1,407,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,407,500
- Address: 21 Speedwell Place
- Market: Morristown
- Buyer's Representative: Lucas Wolf - Wolf Premier Properties
- Seller's Representative: Brenda Lee - Weichert Realtors
- Image: Lucas Wolf & Brenda Lee
- Date: 12/11/2023
- Acres: 0.34
This transaction was facilitated by Lucas Wolf from Wolf Premier Properties, representing the buyer, and Brenda Lee from Weichert Realtors, acting as the seller's representative.
Players
Morristown 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
11.27%
Cash-on-Cash
-3.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93