Arrowpoint Properties Sells Multifamily Property For $2.01M On Howard St In Lawrence, MA
SOLD
$2,010,000
Oklahoma
See Similar DealsMultiFamily9,720 SF
Sold 09/17/2021
SOLD
Arrowpoint Properties Sells Multifamily Property For $2.01M On Howard St In Lawrence, MA
120 Howard Street, Ardmore, OK 73401
See Similar DealsMultiFamily9,720 SF
Sold 09/17/2021
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.
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Deal Type
30 years
10 years
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
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