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.
On the Map
$11,500,000
MultiFamily
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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