Updated Dec 18, 2023
John Henry Davis Acquires Multifamily Property On Adams St, Somerville For $1.1M
47 Adams St
Units
1,100,000
Asset Type
—
Closing
Aug 31, 2022
About this deal
AI
The multifamily property located at 47 Adams St in Somerville, MA has been sold in a closed transaction. The property consists of two units and spans 2,310 square feet. The sale price for the property was $1,100,000, resulting in a price per unit of $550,000, and a price per square foot of $476.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 2
- Price per Unit: $550,000
- Square Footage: 2,310
- Price per Square Foot: $476
- Market: Somerville, MA
The deal was facilitated by John Henry Davis of Keller Williams Realty. As the broker, John Henry Davis represented the parties involved in the transaction, ensuring a successful sale.
Players
Hartford CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93