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Arrowpoint Properties Sells Multifamily Property For $2.01M On Howard St In Lawrence, MA

Property Image
SOLD
$2,010,000

Oklahoma

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MultiFamily9,720 SF
Sold 09/17/2021
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Property Image
SOLD

Arrowpoint Properties Sells Multifamily Property For $2.01M On Howard St In Lawrence, MA

120 Howard Street, Ardmore, OK 73401

See Similar Deals
MultiFamily9,720 SF
Sold 09/17/2021
Contact now

Summary

OKLAHOMA
Asset Type:MultiFamily
Price Per Square Foot:$206
Total Square Footage:9,720 SF
Transaction Type:Sale

The multifamily property located at 120 Howard St in Lawrence, MA has been sold for a total price of $2,010,000. The transaction took place on September 17, 2021. The property consists of 12 units, resulting in a price per unit of $167,500.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,010,000
  • Units: 12
  • Price Per Unit: $167,500

The seller of the property was Arrowpoint Properties, represented by David Lamattina.

Players

6 deals$75.7M volume
SELLER

Details

SOLD
IMAGE: David Lamattina DATE: 09/17/2021 ADDRESS: 120 Howard St MARKET: Lawrence, MA ASSET TYPE: Multifamily SELLER: Arrowpoint Properties - David Lamattina SALE PRICE: $2,010,000 UNITS: 12 ~ PPU: $167,500

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$107,200.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,141.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,528.43
Annual Debt Service$114,341.11