Berkshire Hathaway HomeServices Verani Realty Acquires Multifamily Property In Somerville, MA For $1.15M
SOLD
$1,150,000
Massachusetts
See Similar DealsMultiFamily3,144 SF
Sold 03/09/2021
SOLD
Berkshire Hathaway HomeServices Verani Realty Acquires Multifamily Property In Somerville, MA For $1.15M
11 Grand View Avenue, Somerville, MA, USA
See Similar DealsMultiFamily3,144 SF
Sold 03/09/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$365
Total Square Footage:3,144 SF
Transaction Type:Sale
An multifamily property located at 11 Grand View Avenue in Somerville, MA has been sold for $1,150,000. The property spans 3,144 square feet with a price per square foot of $366.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 11 Grand View Avenue, Somerville, MA
- Market: Somerville, MA
- Seller's Rep: John Buccelli - Berkshire Hathaway HomeServices Verani Realty
- Buyer's Rep: True Home Partners - Compass
- Square Footage: 3,144
- Price Per Square Foot: $366
The transaction was facilitated by the seller's representative, John Buccelli of Berkshire Hathaway HomeServices Verani Realty, and the buyer's representative, True Home Partners of Compass.
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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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