Northeast Private Client Group Sells Mixed Use Property In Lowell, MA For $3M
SOLD
$3,000,000
+ 1
Massachusetts
See Similar DealsMixed-use
Sold 03/03/2022
SOLD
Northeast Private Client Group Sells Mixed Use Property In Lowell, MA For $3M
355 Market St, Lowell, Massachusetts 01852, United States
See Similar DealsMixed-use
Sold 03/03/2022
+ 1
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Transaction Type:Sale
The mixed-use property located at 345-355 Market Street in Lowell, MA has recently been sold for a price of $3,000,000. The transaction took place on 03/03/2022, and the property consists of 16 units. The price per unit comes out to be $187,500.
Summary of transaction details
- Property Type: Mixed use
- Transaction Amount: $3,000,000
- Address: 345-355 Market Street, Lowell, MA
- Market: Lowell, MA
- Brokers: Drew Kirkland, Francis Saenz, Jim Casey & Brad Carlson - Northeast Private Client Group
The deal was facilitated by Drew Kirkland, Francis Saenz, Jim Casey, and Brad Carlson of Northeast Private Client Group. They acted as brokers for the transaction, representing the involved parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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