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
Lowell MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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