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:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Number of Units: 4
- Price Per Unit: $312,500
- Square Footage: 4,296
- Price Per Square Foot: $291
- Buyer's Representative: Xuanxuan Gan - Boston Value Realty
- Seller's Representative: Spencer Norton - Horvath & Tremblay
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
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