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604 Chelmsford Street, Lowe...

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

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

Drew Kirkland

NorthEast Private Client Group

Broker

$94.8M

vol

18 deals

Broker

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