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Kathy Pappas & Michelle Fermin Handle $1.1M Multifamily Sale In Lawrence
SOLD
Massachusetts
See Similar DealsMultiFamily3,747 SF
Sold 06/10/2024
SOLD
Kathy Pappas & Michelle Fermin Handle $1.1M Multifamily Sale In Lawrence
152 Prospect Street
See Similar DealsMultiFamily3,747 SF
Sold 06/10/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$293
Total Square Footage:3,747 SF
Transaction Type:Sale
In Lawrence, MA, a multifamily property located at 152 Prospect Street was sold for $1,100,000. The property spans 3,747 square feet, resulting in a price per square foot of $294.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 152 Prospect Street
- Market: Lawrence, MA
Kathy Pappas from Re/Max represented the buyer, while Michelle Fermin from Century 21 represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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