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6 Loveland Street

Allison Vitella And Charles Way Of Howard Hanna Rand Realty Represent Buyer In Madison Multifamily Sale For $1.45M
SOLDMultiFamily

Allison Vitella And Charles Way Of Howard Hanna Rand Realty Represent Buyer In Madison Multifamily Sale For $1.45M

6 Loveland Street

$1,450,000

Building Size

Asset Type

MultiFamily

Closing

Aug 28, 2024

AI

A multifamily property located at 6 Loveland Street in Madison has been sold for $1,450,000. This property encompasses 0.26 acres.

Summary of transaction details:

The transaction involved Allison Vitella and Charles Way representing the buyer, while Adrienne Desimone acted as the seller's representative. The collaboration ensured the successful closing of this multifamily asset transaction.

Players

Adrienne Desimone

DeSimone Realty

Broker

$2.7M

vol

2 deals

Broker

Madison 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

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93