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12-14 Newfield Street

North Chelmsford Multifamily Property Sold For $1.25M With Buyer's Rep Xuanxuan Gan & Seller's Rep Spencer Norton
SOLDMultiFamily

North Chelmsford Multifamily Property Sold For $1.25M With Buyer's Rep Xuanxuan Gan & Seller's Rep Spencer Norton

12-14 Newfield Street

$1,250,000

$291/SF

Building Size

4,296 SF

Asset Type

MultiFamily

Closing

Sep 10, 2024

AI

The multifamily property located at 12-14 Newfield Street in North Chelmsford, MA, has been sold for $1,250,000. This asset encompasses four residential units with a total living space of 4,296 square feet on a 0.28-acre lot. The property consists of 9 bedrooms and 5 bathrooms and was constructed in 1900. It features a private fenced backyard, on-site laundry facilities, and ample parking availability, with two of the units to be delivered vacant.

Summary of transaction details:

The deal was represented for the buyer by Xuanxuan Gan from Boston Value Realty, while the seller was represented by Spencer Norton from Horvath & Tremblay. Both representatives played crucial roles in facilitating the transaction, ensuring a smooth transfer of ownership for this multifamily asset.

Players

Spencer Norton

Horvath & Tremblay

Broker

$84.2M

vol

22 deals

Broker

North Chelmsford 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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93