Lowell Multifamily Property Sells for $1.2M at $135/SF

18 Concord Street is a 8,874 square foot multifamily property located in Lowell, Massachusetts. The property was sold for 1.2 million, which equates to a price of 135 per square foot. The deal was closed on March 16, 2022, with Salihu Mohammed serving as the broker.

The property is located in a desirable area of Lowell, with easy access to public transportation and local amenities. The property features 12 units, each with its own kitchen and bathroom. The property is well-maintained and has a strong rental history.

The buyer of the property has not been disclosed. The seller is also unknown. However, it is clear that the property was sold at a fair market value, with the price per square foot in line with other recent sales in the area.

Salihu Mohammed, the broker for the deal, has a strong track record in the Lowell area. He has closed numerous deals in the past year, including several multifamily properties. Mohammed is known for his attention to detail and his ability to negotiate favorable terms for his clients.

Overall, the sale of 18 Concord Street is a positive sign for the Lowell multifamily market. The property sold at a fair market value, and the strong rental history of the property suggests that it will continue to be a profitable investment for the new owner. With Salihu Mohammed serving as the broker, the deal was likely structured in a way that benefits both the buyer and the seller.