Dick Lepine Real Estate, Inc. Facilitates $1.2M Sale Of Multifamily Property In Lowell, MA
SOLD
$1,200,000
Massachusetts
See Similar DealsMultiFamily8,874 SF
Sold 03/16/2022
SOLD
Dick Lepine Real Estate, Inc. Facilitates $1.2M Sale Of Multifamily Property In Lowell, MA
18 Concord Street, Lowell, Massachusetts 01852, United States
See Similar DealsMultiFamily8,874 SF
Sold 03/16/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$135
Total Square Footage:8,874 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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