Multifamily Property At 16 Walnut Road In Somerville, MA Sold For $1M With Shane Marrion As The Broker
16 Walnut Road
$1,000,000
$333/SF
Building Size
2,999 SF
Asset Type
MultiFamily
Closing
Oct 3, 2023
AI
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.
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93