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21 Speedwell Place

Multifamily Property In Morristown Sold For $1.4M With Buyer's Rep Lucas Wolf & Seller's Rep Brenda Lee
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

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

Brenda Lee

Weichert Realtors

Broker

$1.4M

vol

1 deal

Broker

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