Marjie And Phil Sell Somerville Multifamily Property For $1.5M
SOLD
$1,500,000
Massachusetts
See Similar DealsMultiFamily3,219 SF
Sold 12/14/2021
SOLD
Marjie And Phil Sell Somerville Multifamily Property For $1.5M
15 Teele Avenue, Somerville, MA 02144
See Similar DealsMultiFamily3,219 SF
Sold 12/14/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$466
Total Square Footage:3,219 SF
Transaction Type:Sale
Located at 15 Teele Ave in Somerville, MA, this multifamily property was recently sold. The transaction took place on December 14, 2021, with a sale price of $1,500,000. The property spans 3,219 square feet, resulting in a price per square foot of $466.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Square Footage: 3,219
- Price per Square Foot: $466
- Address: 15 Teele Ave, Somerville, MA
- Market: Somerville, MA
The seller was represented by Marjie and Phil from Coldwell Banker Realty - Arlington, while Dee Minnock from SelectRE Boston acted as the buyer's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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