Updated Dec 21, 2023
Ken Purtell Of RE/MAX Insight Acquires Gardner, MA Multifamily For $1M
175 Nichols Street, Gardner, Massachusetts 01440, United States
$1,000,000
$292/SF
Building Size
3,421 SF
Asset Type
MultiFamily
Closing
Dec 22, 2021
About this deal
AI
A multifamily property located at 175 Nichols St in Gardner, MA was recently sold for $1,000,000. The property spans 3,421 square feet, resulting in a price per square foot of $292. This transaction took place on December 23, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 175 Nichols St
- Market: Gardner, MA
- Buyer's Rep: Ken Purtell - RE/MAX Insight
- Seller's Rep: Eric Callahan - Prospective Realty Inc
Ken Purtell from RE/MAX Insight represented the buyer in this transaction, while Eric Callahan from Prospective Realty Inc acted as the seller's representative.
Players
Gardner 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93