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16 Walnut Road

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

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.

Players

Shane Marrion

Benoit Real Estate Group

Broker

$6.8M

vol

5 deals

Broker

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