Updated Sep 9, 2024
Encompass Property Solutions LLC Brokers $1.15M Sale Of Somerville Multifamily Property
11 Edmands Street, Somerville, Massachusetts 02145, United States
$1,150,000
$367/SF
Building Size
3,128 SF
Asset Type
MultiFamily
Closing
Feb 8, 2022
About this deal
AI
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.
The multifamily sale at 11 Edmands Street, Somerville, Massachusetts 02145, United States in Somerville, Massachusetts sold for $1.2M in 2022. The building is 3,128 square feet, implying about 367 per square foot on the published price. John Raposo, Encompass Property Solutions appear on the sale alongside Encompass Property Solutions. This page is the Somerville, Massachusetts file for the 11 Edmands Street, Somerville, Massachusetts 02145, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 11 Edmands Street, Somerville, Massachusetts 02145, United States around 2022. Published consideration for 11 Edmands Street, Somerville, Massachusetts 02145, United States is $1.2M, dated 2022. Cite this Encompass Property Solutions LLC Brokers $1.15M Sale Of Somerville Multifamily Property sale when underwriting similar multifamily product around Somerville, Massachusetts.
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93