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Somerville Multifamily Property Sells For $1.25M At 142-144 Jaques Street
SOLD
Massachusetts
See Similar DealsMultiFamily3,420 SF
Sold 12/07/2023
SOLD
Somerville Multifamily Property Sells For $1.25M At 142-144 Jaques Street
142-144 Jaques Street
See Similar DealsMultiFamily3,420 SF
Sold 12/07/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$365
Total Square Footage:3,420 SF
Transaction Type:Sale
In Somerville, MA, a multifamily property at 142-144 Jaques Street was recently sold for $1,250,000. The property has a total square footage of 3,420 and sold at a price of $365 per square foot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Square Footage: 3,420
- Price per Square Foot: $365
- Address: 142-144 Jaques Street, Somerville, MA
Danny Zheng from Keller Williams represented the buyer in this transaction, while Charles Cherney from Compass represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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