Encompass Property Solutions LLC Brokers $1.15M Sale Of Somerville Multifamily Property
SOLD
$1,150,000
Massachusetts
See Similar DealsMultiFamily3,128 SF
Sold 02/09/2022
SOLD
Encompass Property Solutions LLC Brokers $1.15M Sale Of Somerville Multifamily Property
11 Edmands Street, Somerville, Massachusetts 02145, United States
See Similar DealsMultiFamily3,128 SF
Sold 02/09/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$367
Total Square Footage:3,128 SF
Transaction Type:Sale
A multifamily property located at 11 Edmands St in Somerville, MA has recently been sold for $1,150,000. The property's total square footage is 3,128, resulting in a price per square foot of $368.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 11 Edmands St, Somerville, MA
- Market: Somerville, MA
The transaction was facilitated by John Raposo of Encompass Property Solutions LLC, representing the buyer and/or seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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