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Northeast Private Client Group Sells 8-Unit Multifamily In Lowell, MA For $1.5M

Property Image
SOLD
$1,500,000
Jim Casey
Francis Saenz
Drew Kirkland
+ 1

Massachusetts

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MultiFamily9,230 SF
Sold 03/03/2022
the dealplayerscompscontact
Property Image
SOLD

Northeast Private Client Group Sells 8-Unit Multifamily In Lowell, MA For $1.5M

604 Chelmsford Street, Lowell, Massachusetts 01851, United States

See Similar Deals
MultiFamily9,230 SF
Sold 03/03/2022
Jim Casey
Francis Saenz
Drew Kirkland
+ 1
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$162
Total Square Footage:9,230 SF
Transaction Type:Sale

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

Drew Kirkland
NorthEast Private Client Group
Drew Kirkland
18 deals$94.8M volume(857) 990-6802
BROKER
Francis Saenz
NorthEast Private Client Group
Francis Saenz
15 deals$72.7M volume(857) 990-6803
BROKER
Bradford (Brad) Carlson
NorthEast Private Client Group
Bradford Carlson
6 deals$45.3M volume
BROKER
Jim Casey
NorthEast Private Client Group
Jim Casey
9 deals$54.1M volume
BROKER

Details

SOLD
IMAGE: Francis Saenz, Drew Kirkland, Jim Casey & Brad Carlson DATE: 03/03/2022 ADDRESS: 604 Chelmsford Street MARKET: Lowell, MA ASSET TYPE: Multifamily BROKERS: Drew Kirkland, Francis Saenz, Jim Casey & Brad Carlson - Northeast Private Client Group SALE PRICE: $1,500,000 UNITS: 8 ~ PPU: $187,500

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
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