Dick Lepine Real Estate, Inc. Facilitates $1.2M Sale Of Multifamily Property In Lowell, MA
18 Concord Street, Lowell, Massachusetts 01852, United States
$1,200,000
$135/SF
Building Size
8,874 SF
Asset Type
MultiFamily
Closing
Mar 15, 2022
AI
The multifamily property located at 10-18 Concord St in Lowell, MA has been sold for a price of $1,200,000. The property spans an area of 8,874 square feet, resulting in a price per square foot of $135.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 10-18 Concord St, Lowell, MA
- Market: Lowell, MA
The sale was facilitated by Salihu Mohammed of Dick Lepine Real Estate, Inc. acting as the broker for the transaction.
Lowell MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93