facebook
Traded Co logo
Submit

True Home Partners Acquires Multifamily Property In Somerville, MA For $1.4M

Property Image
SOLD
$1,408,000

Massachusetts

See Similar Deals
MultiFamily3,092 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

True Home Partners Acquires Multifamily Property In Somerville, MA For $1.4M

120 Summer Street, Somerville, Massachusetts, USA

See Similar Deals
MultiFamily3,092 SF
Sold
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$455
Total Square Footage:3092 SF
Transaction Type:Sale

A multifamily property located at 120 Summer St in Somerville, MA was recently sold. The transaction took place on June 16, 2021, with an image of the property provided by Andy Mass. The property has a total area of 3,092 square feet and was sold at a price of $1,408,000, resulting in a price per square foot of $455.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,408,000
  • Address: 120 Summer St, Somerville, MA
  • Market: Somerville, MA

The seller in this transaction was represented by Andy Mass from Mass Realty Properties, while the buyer was represented by True Home Partners from Compass.

Players

Andy Mass
Andy Mass
1 deal$1.4M volume
BROKER

Details

SOLD
IMAGE: Andy Mass DATE: 06/16/2021 ADDRESS: 120 Summer St MARKET: Somerville, MA ASSET TYPE: Multifamily SELLER'S REP: Andy Mass - Mass Realty Properties BUYER'S REP: True Home Partners - Compass SALE PRICE: $1,408,000 SF: 3,092 ~ PPSF: $455

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$75,093.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,002.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,674.64
Annual Debt Service$80,095.66