7-unit apartment building in Lowell, MA

[James E.]

Hi BP,

I have a lead on a 7 unit, 8-9% cap apartment building in Lowell, MA (about 45 minutes north of Boston) that I would like to get under contract ASAP. Asking $320k.

Looking to wholesale or partner with someone on the deal. 

Here are some specifics on the property, more available upon request:

Location - Appleton st, Lowell MA

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Unit mix: 4 studio, 3 1br 

Current rents: Studios - $750, 1br - $825

Operating Expenses (monthly, per owner):

a.Electricity - $100.00

b.Water & Sewer - $76.14 (Quarterly)

c.Garbage - $224.00

d.Insurance - $354.73 

If interested, please send me a note requesting additional information.

Thank you,
James