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Multifamily Property At 15 Austin Street In Lowell, MA, Sold For $1.2M With Broker Jack Mantville
SOLD
$1,245,000
Massachusetts
See Similar DealsMultiFamily5,581 SF
Sold 08/22/2023
SOLD
Multifamily Property At 15 Austin Street In Lowell, MA, Sold For $1.2M With Broker Jack Mantville
15 Austin Street
See Similar DealsMultiFamily5,581 SF
Sold 08/22/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$223
Total Square Footage:5,581 SF
Transaction Type:Sale
A multifamily property located at 15 Austin Street in Lowell, MA, has been sold for $1,245,000. The property spans a total of 5,581 square feet, resulting in a price per square foot (PPSF) of $223.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,245,000
- Address: 15 Austin Street
- Market: Lowell, MA
- Square Footage: 5,581
- Price Per Square Foot (PPSF): $223
The sale of the multifamily property at 15 Austin Street was facilitated by Jack Mantville of J. Borstell Real Estate, Inc.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,423.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,901.94
Annual Debt Service$70,823.22
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