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47 Adams St

Updated Dec 18, 2023

John Henry Davis Acquires Multifamily Property On Adams St, Somerville For $1.1M
SOLD

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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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

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