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.
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