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
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.
Players
Lowell 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93