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
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.
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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