Updated Oct 28, 2024
First Management Inc Sells Multifamily Property In Lawrence, KS For $11.5M With Reps Jeff Lamott & Gabe Tovar - Northmarq
901 New Hampshire Street, Lawrence, Kansas 66044, United States
$11,500,000
Units
55
Asset Type
MultiFamily
Closing
Oct 4, 2022
About this deal
AI
The multifamily property located at 901 New Hampshire St in Lawrence, KS has been sold for a total price of $11,500,000. The property consists of 55 units, resulting in a per unit price of approximately $209,091. The seller in this transaction was First Management Inc.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,500,000
- Address: 901 New Hampshire St, Lawrence, KS
- Market: Lawrence, KS
- Units: 55
- Price per Unit (PPU): $209,091
The deal was facilitated by brokers Jeff Lamott and Gabe Tovar from Northmarq. They represented the seller, First Management Inc, in this transaction.
Players
Lawrence 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93