Robert Ellington Sells Multifamily Property In Somerville, MA For $1.15M With Buyer's Rep Candor Realty Group And Seller's Rep Better Homes & Gardens The Shanahan Group
SOLD
$1,150,000
Massachusetts
See Similar DealsMultiFamily2,425 SF
Sold 04/28/2022
SOLD
Robert Ellington Sells Multifamily Property In Somerville, MA For $1.15M With Buyer's Rep Candor Realty Group And Seller's Rep Better Homes & Gardens The Shanahan Group
17 Cambria Street, Somerville, Massachusetts 02143, United States
See Similar DealsMultiFamily2,425 SF
Sold 04/28/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$474
Total Square Footage:2,425 SF
Transaction Type:Sale
The multifamily property located at 17 Cambria St in Somerville, MA has been sold for $1,150,000. The property spans a total of 2,425 square feet, resulting in a price per square foot of $474.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 17 Cambria St, Somerville, MA
- Market: Somerville, MA
The buyer's representative in this transaction was Candor Realty Group - Four Points Real Estate, LLC. On the other hand, Robert Ellington represented the seller, Better Homes & Gardens Real Estate The Shanahan Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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