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Multifamily Property At 16 Walnut Road In Somerville, MA Sold For $1M With Shane Marrion As The Broker

Property Image
SOLD
$1,000,000

Massachusetts

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MultiFamily2,999 SF
Sold 10/03/2023
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Property Image
SOLD

Multifamily Property At 16 Walnut Road In Somerville, MA Sold For $1M With Shane Marrion As The Broker

16 Walnut Road

See Similar Deals
MultiFamily2,999 SF
Sold 10/03/2023
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$333
Total Square Footage:2,999 SF
Transaction Type:Sale

A multifamily property located at 16 Walnut Road in Somerville, MA, has recently been sold for a total of $1,000,000. The transaction was facilitated by Shane Marrion, the broker from Benoit Real Estate Group, LLC. This property comprises a total square footage of 2,999, resulting in a price per square foot of $333.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Address: 16 Walnut Road, Somerville, MA
  • Market: Somerville, MA
  • Broker: Shane Marrion - Benoit Real Estate Group, Llc
  • Square Footage: 2,999
  • Price Per Square Foot: $333

Shane Marrion, the broker representing Benoit Real Estate Group, LLC, played a crucial role in facilitating the sale of this multifamily property. With their expertise and knowledge, the transaction successfully closed, allowing the buyer and seller to reach mutually beneficial terms.

Players

Shane Marrion
Benoit Real Estate Group
Shane Marrion
5 deals$6.8M volume
BROKER

Details

SOLD
IMAGE: Shane Marrion DATE: 10/03/2023 ADDRESS: 16 Walnut Road MARKET: Somerville, MA ASSET TYPE: Multifamily BROKER: Shane Marrion - Benoit Real Estate Group, Llc SALE PRICE: $1,000,000 SF: 2,999 ~ PPSF: $333 NOTE: A multifamily property at 16 Walnut Road in Somerville, MA, was sold for $1,000,000. The transaction was brokered by Shane Marrion of Benoit Real Estate Group, LLC, and the property had a total square footage of 2,999 with a price per square foot of $333.

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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)-$3,552.80
Cash-on-Cash Return-1.27%
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