Updated Dec 18, 2023
True Home Partners Acquires Multifamily Property In Somerville, MA For $1.4M
120 Summer Street, Somerville, Massachusetts, USA
$1,408,000
$455/SF
Building Size
3,092 SF
Asset Type
MultiFamily
Closing
Jun 16, 2020
About this deal
AI
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
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.27%
Cash-on-Cash
-3.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93