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

Property Image
SOLD
$1,460,000
Katie Malin
Chelsea Kalled

Massachusetts

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MultiFamily5,174 SF
Sold 05/31/2024
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Property Image
SOLD

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

14 Holyoke Road & 16 Holyoke Road

See Similar Deals
MultiFamily5,174 SF
Sold 05/31/2024
Katie Malin
Chelsea Kalled
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$282
Total Square Footage:5,174 SF
Transaction Type:Sale

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
Katie Malin
3 deals$4.9M volume(781) 799-5981
BROKER
Chelsea Kalled
Senné
Chelsea Kalled
1 deal$1.5M volume(617) 710-8393
BROKER

Details

SOLD
IMAGE: Chelsea Gelinas & Katie Malin DATE: 05/31/2024 ADDRESS: 14-16 Holyoke Road MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: Chelsea Kalled (@Chelsea_Kalled) - Senné (@Senne_Co) SELLER'S REP: Katie Malin (@CompassKatie) - Compass (@Compass) SALE PRICE: $1,460,000 SF: 2,587 ~ PPSF: $564 NOTE: Located at 14-16 Holyoke Rd, Somerville, MA 02144, this multi-family property sold for $1,460,000. Featuring 5 beds, 2.5 baths, and 2,587 sq ft, the urban oasis is conveniently situated near Porter Square, offering a flexible floor plan with potential for additional bedrooms, updated amenities, and charming details. é

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,187.07
Cash-on-Cash Return-1.27%
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