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134 140 & 148 Willard Street

Northeast Private Client Group Sells Willard Street Apartments In Lowell, MA For $12.85M
SOLDMultiFamily

Northeast Private Client Group Sells Willard Street Apartments In Lowell, MA For $12.85M

134 140 & 148 Willard Street

$12,850,000

Building Size

Asset Type

MultiFamily

Closing

Jun 16, 2023

AI

Northeast Private Client Group (NEPCG) has successfully sold the Willard Street Apartments in Lowell, MA. The property consists of three buildings with a total of 72 units, and it has been sold for $12.85 million. The sale took place on June 16, 2023. The apartment buildings are located at 134-140 & 148 Willard Street.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $12,850,000
  • Address: 134-140 & 148 Willard Street, Lowell, MA
  • Market: Lowell, MA

The sale of the Willard Street Apartments was facilitated by the Northeast Private Client Group, represented by brokers Francis Saenz, Drew Kirkland, Jim Casey, Brad Carlson, and Brett Curtis.

Players

Drew Kirkland

NorthEast Private Client Group

Broker

$94.8M

vol

18 deals

Broker

Boston 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

1.23%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93