facebook
Traded Co logo
Submit

Northeast Private Client Group Acquires 26-Unit Multifamily Portfolio In Lowell, MA For $4.56M

Property Image
SOLD
$4,560,000

Massachusetts

See Similar Deals
MultiFamily11,286 SF
Sold 09/23/2021
the dealplayerscompscontact
Property Image
SOLD

Northeast Private Client Group Acquires 26-Unit Multifamily Portfolio In Lowell, MA For $4.56M

41 Gaudreau Street, Lowell, Massachusetts, USA

See Similar Deals
MultiFamily11,286 SF
Sold 09/23/2021
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$404
Total Square Footage:11,286 SF
Transaction Type:Sale

Four multifamily properties in Lowell, MA have been sold for a total of $4,560,000. The properties are located at 41 Gaudreau Street, 326 Hildreth Street, 181 Parker Street, and 300 Foster Street. The sale was facilitated by Drew Kirkland and Jim Casey from the Northeast Private Client Group. The transaction involved a total of 26 units, with an average price per unit of $175,385. The capitalization rate for the deal is 4.52%.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,560,000
  • Address: 41 Gaudreau Street, 326 Hildreth Street, 181 Parker Street, and 300 Foster Street
  • Market: Lowell, MA
  • Brokers: Drew Kirkland and Jim Casey - Northeast Private Client Group
  • Units: 26
  • Price per Unit: $175,385
  • Capitalization Rate: 4.52%

The Northeast Private Client Group, represented by Drew Kirkland and Jim Casey, facilitated the sale of these multifamily properties. The transaction is a significant deal in the Lowell, MA market.

Players

Drew Kirkland
18 deals$94.8M volume(857) 990-6802
BROKER

Jim Casey
NorthEast Private Client Group
9 deals$54.1M volume
BROKER

Details

SOLD
IMAGE: Jim Casey & Drew Kirkland DATE: 09/23/2021 ADDRESS: 41 Gaudreau Street, 326 Hildreth Street, 181 Parker Street, & 300 Foster Street MARKET: Lowell, MA ASSET TYPE: Multifamily BROKERS: Drew Kirkland & Jim Casey - Northeast Private Client Group SALE PRICE: $4,560,000 UNITS: 26 ~ PPU: $175,385 CAP: 4.52%

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$243,199.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,200.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,616.73
Annual Debt Service$259,400.72