Updated Sep 5, 2024
Gina Jones Facilitates $1.5M Sale Of Multifamily Property In Somerville
14 Heath St, Somerville, Massachusetts 02145, United States
$1,500,000
$366/SF
Building Size
4,097 SF
Asset Type
MultiFamily
Closing
Mar 27, 2022
About this deal
AI
The multifamily property located at 14-16 Heath St in Somerville, MA has been sold for $1,500,000. The transaction took place on 03/28/2022. The property spans over an area of 4,097 square feet, resulting in a price per square foot of $366.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Date: 03/28/2022
- Address: 14-16 Heath St
- Market: Somerville, MA
- Broker: Gina Jones - Keller Williams Coastal Realty
Gina Jones from Keller Williams Coastal Realty represented the parties involved in this sale. The property offers a total square footage of 4,097, making it an attractive investment opportunity in the Somerville, MA market.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93