Century 21 North East Sells Multifamily Property In Somerville, MA For $1.25M
SOLD
$1,250,000
Massachusetts
See Similar DealsMultiFamily2,837 SF
Sold 11/23/2021
SOLD
Century 21 North East Sells Multifamily Property In Somerville, MA For $1.25M
146 W Adams St, Somerville, Massachusetts, USA
See Similar DealsMultiFamily2,837 SF
Sold 11/23/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$440
Total Square Footage:2,837 SF
Transaction Type:Sale
The multifamily property located at 146 W Adams St in Somerville, MA has been sold for a price of $1,250,000. The property spans 2,837 square feet and was sold at a price per square foot of $441.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Date: 11/23/2021
- Address: 146 W Adams St, Somerville, MA
- Market: Somerville, MA
The buyer's representative in this transaction was Brian Perry from Concept Properties, while the seller's representative was Roy MacDonald from Century 21 North East.
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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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