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Dee Minnock Acquires Multifamily Property In Somerville, MA For $1.5M

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SOLD
$1,500,000

Massachusetts

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MultiFamily3,144 SF
Sold 12/14/2021
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Property Image
SOLD

Dee Minnock Acquires Multifamily Property In Somerville, MA For $1.5M

116 Pearson Road, Somerville, Massachusetts 02144, United States

See Similar Deals
MultiFamily3,144 SF
Sold 12/14/2021
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$477
Total Square Footage:3,144 SF
Transaction Type:Sale

A multifamily property located at 116 Pearson Rd in Somerville, MA has been sold for $1,500,000. The property spans 3,144 square feet and sold at a price per square foot of $477.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Address: 116 Pearson Rd, Somerville, MA
  • Market: Somerville, MA
  • Seller's Representative: Marjie and Phil - Coldwell Banker Realty - Arlington
  • Buyer's Representative: Dee Minnock - SelectRE Boston

The seller's representatives in this deal were Marjie and Phil from Coldwell Banker Realty - Arlington. On the other hand, Dee Minnock represented the buyer. No additional information was provided about the transaction.

Players

Marjie Fitzpatrick
4 deals$5.7M volume(781) 454-8484
BROKER

Philip Chaves
Advisors Living
8 deals$10.5M volume
BROKER

Dee Minnock
3 deals$4.5M volume
BROKER

Details

SOLD
IMAGE: Marjie and Phil DATE: 12/14/2021 ADDRESS: 116 Pearson Rd MARKET: Somerville, MA ASSET TYPE: Multifamily SELLER'S REP: Marjie and Phil - Coldwell Banker Realty - Arlington BUYER'S REP: Dee Minnock - SelectRE Boston SALE PRICE: $1,500,000 SF: 3,144 ~ PPSF: $477

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
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