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14 Holyoke Road

Chelsea Kalled Of Senné Represents Buyer In Somerville Multifamily Sale At $1.46M
SOLDMultiFamily

Chelsea Kalled Of Senné Represents Buyer In Somerville Multifamily Sale At $1.46M

14 Holyoke Road & 16 Holyoke Road

$1,460,000

$282/SF

Building Size

5,174 SF

Asset Type

MultiFamily

Closing

May 31, 2024

AI

Located at 14-16 Holyoke Rd, Somerville, MA 02144, this multifamily property was sold for $1,460,000. The property features 5 beds, 2.5 baths, and spans 2,587 sq ft. Situated near Porter Square, the urban oasis boasts a flexible floor plan with the potential for additional bedrooms, updated amenities, and charming details.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,460,000
  • Market: Somerville, MA
  • SF: 2,587
  • PPSF: $564
  • Address: 14-16 Holyoke Road
  • Buyer's Rep: Chelsea Kalled - Senné
  • Seller's Rep: Katie Malin - Compass

Chelsea Kalled from Senné represented the buyer in this transaction, while Katie Malin from Compass acted as the seller's representative.

Players

Katie Malin

Compass

Broker

$4.9M

vol

3 deals

Broker

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

10.87%

Cash-on-Cash

-3.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93