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1500 Gorham Street

Em Quach Purchases Multifamily Property At 1500 Gorham Street In Lowell MA For $700000
SOLDMultiFamily

Em Quach Purchases Multifamily Property At 1500 Gorham Street In Lowell MA For $700000

1500 Gorham Street

$700,000

$107/SF

Building Size

6,500 SF

Asset Type

MultiFamily

Closing

Sep 24, 2024

AI

The property asset involved in this transaction is a multifamily building located at 1500 Gorham Street in Lowell, MA. The sale price for the property was $700,000, encompassing a total of 3 units. With a total square footage of 6,500, the price per unit is calculated at $233,333, while the price per square foot is noted as $107.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $700,000
  • Units: 3
  • Square Footage: 6,500
  • Price Per Unit: $233,333
  • Price Per Square Foot: $107
  • Buyer: Em Quach
  • Seller: Carol Cookingham
  • Brokers: Dan Pouladian & Ben Davis - Northshore Realty Advisors

The key individuals in this deal include the buyer, Em Quach, and the seller, Carol Cookingham, who have engaged in this multifamily transaction with representation from Dan Pouladian and Ben Davis of Northshore Realty Advisors.

Players

Dan Pouladian

Northshore Realty Advisors

Broker

$304.3M

vol

68 deals

Broker

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

22.66%

Cash-on-Cash

-6.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93