First Management Inc Sells Multifamily Property In Lawrence, KS For $11.5M With Reps Jeff Lamott & Gabe Tovar - Northmarq
SOLD
$11,500,000
Kansas
See Similar DealsMultiFamily
Sold 10/05/2022
SOLD
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
See Similar DealsMultiFamily
Sold 10/05/2022
Summary
KANSAS
Asset Type:MultiFamily
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
Is there something missing? Send suggestions