Updated Dec 18, 2023
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
About this deal
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.
The multifamily sale at 18 Concord Street, Lowell, Massachusetts 01852, United States in Lowell, Massachusetts sold for $1.2M in 2022. The building is 8,874 square feet, implying about 135 per square foot on the published price. Salihu Mohammed, Dick Lepine Real Estate appear on the sale alongside Dick Lepine Real Estate. This page is the Lowell, Massachusetts file for the 18 Concord Street, Lowell, Massachusetts 01852, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Lowell sit in the Market section below. Filter that Lowell multifamily set by closing date to see what else sold near 18 Concord Street, Lowell, Massachusetts 01852, United States around 2022. Published consideration for 18 Concord Street, Lowell, Massachusetts 01852, United States is $1.2M, dated 2022. Cite this Dick Lepine Real Estate, Inc. Facilitates $1.2M Sale Of Multifamily Property In Lowell, MA sale when underwriting similar multifamily product around Lowell, Massachusetts.
Lowell 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93