David Holmes Acquires 2,100 SF Condo In Somerville, MA For $1.235M
SOLD
$1,235,000
+ 1
Massachusetts
See Similar Deals2,100 SF
Sold 10/21/2021
SOLD
David Holmes Acquires 2,100 SF Condo In Somerville, MA For $1.235M
60 Clyde St, Somerville, Massachusetts, USA
See Similar Deals2,100 SF
Sold 10/21/2021
+ 1
Summary
MASSACHUSETTS
Price Per Square Foot:$588
Total Square Footage:2,100 SF
Transaction Type:Sale
Located at 60 Clyde St Unit 2 in Somerville, MA, this property is a 2,100 square foot condo. The transaction took place on 10/21/2021, with a sale price of $1,235,000. The condo features a spacious layout and is priced at $588 per square foot.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,235,000
- Date: 10/21/2021
- Address: 60 Clyde St Unit 2, Somerville, MA
- Market: Somerville, MA
David Holmes purchased the condo from seller Patrick McGloin. Brian Quijada from Jack Conway & Co represented the buyer, while Currier, Lane & Young from Compass represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,387.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,854.53
Annual Debt Service$70,254.36
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