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46 Aiken Avenue

Thiago Gomes Acquires Lowell, MA Multifamily For $1.53M
SOLDMultiFamily

Thiago Gomes Acquires Lowell, MA Multifamily For $1.53M

46 Aiken Avenue

$1,530,000

$203/SF

Building Size

7,530 SF

Asset Type

MultiFamily

Closing

Dec 7, 2023

AI

46 Aiken Avenue, a multifamily property located in Lowell, MA, has recently been sold for $1,530,000. The property spans 7,530 square feet, resulting in a price per square foot of $203.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,530,000
  • Address: 46 Aiken Avenue
  • Market: Lowell, MA

The buyer in this transaction was represented by Thiago Gomes from Keller Williams, while Kerry L Nicolls from Foundation Brokerage Group acted as the seller's representative.

It is worth noting that the sale of 46 Aiken Avenue, a multifamily property in Lowell, MA, was successfully completed for a total of $1,530,000. Thiago Gomes represented the buyer on behalf of Keller Williams, while Kerry L Nicolls served as the seller's representative representing Foundation Brokerage Group.

Players

Kerry L Nicolls

Foundation Brokerage Group

Broker

$2.8M

vol

2 deals

Broker

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

10.37%

Cash-on-Cash

-2.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93