Updated Dec 19, 2023
Northeast Private Client Group Sells 8-Unit Multifamily In Lowell, MA For $1.5M
604 Chelmsford Street, Lowell, Massachusetts 01851, United States
$1,500,000
$162/SF
Building Size
9,230 SF
Asset Type
MultiFamily
Closing
Mar 2, 2022
About this deal
AI
The multifamily property located at 604 Chelmsford Street in Lowell, MA has been sold for a price of $1,500,000. The property consists of 8 units, resulting in a per unit price of $187,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Units: 8
- Price Per Unit: $187,500
The sale was facilitated by Drew Kirkland, Francis Saenz, Jim Casey, and Brad Carlson from Northeast Private Client Group, acting as brokers in the deal.
The multifamily sale at 604 Chelmsford Street, Lowell, Massachusetts 01851, United States in Lowell, Massachusetts sold for $1.5M in 2022. Reported inventory is 9,230 square feet across 8 units, or about 162 per square foot. Jim Casey, Francis Saenz, Drew Kirkland, Bradford (Brad) Carlson appear on the sale alongside NorthEast Private Client Group. This page is the Lowell, Massachusetts file for the 604 Chelmsford Street, Lowell, Massachusetts 01851, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Lowell sit in the Market section below. Filter that Lowell multifamily set by closing date to see what else sold near 604 Chelmsford Street, Lowell, Massachusetts 01851, United States around 2022. Published consideration for 604 Chelmsford Street, Lowell, Massachusetts 01851, United States is $1.5M, dated 2022. Cite this Northeast Private Client Group Sells 8-Unit Multifamily In Lowell, MA For $1.5M sale when underwriting similar multifamily product around Lowell, Massachusetts.
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Lowell MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93