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11 Simpson Avenue

Jennifer Schneider Of Century 21 Represents Buyer In $1.9M Multifamily Sale In Somerville
SOLDMultiFamily

Jennifer Schneider Of Century 21 Represents Buyer In $1.9M Multifamily Sale In Somerville

11 Simpson Avenue

$1,900,000

$621/SF

Building Size

3,057 SF

Asset Type

MultiFamily

Closing

Jul 12, 2024

AI

A Philadelphia style 2-family home at 11 Simpson Avenue in Somerville, MA, has been sold for $1,900,000. The property consists of 3,057 square feet, offering a price per unit of $950,000 and a price per square foot of $622. It features 9 beds and 3 baths, and has updated interiors. The location is convenient, being near the Red Line and bike path, and includes a garage, decks, and ample parking, representing a prime investment opportunity.

Summary of transaction details:

The transaction involved Jennifer Schneider, representing the buyer, and Scarlett Tamburro, representing the seller. Both are affiliated with their respective agencies, Century 21 and Advisors Living.

Players

Jennifer Schneider

Century 21

Broker

$4.2M

vol

3 deals

Broker

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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93