Updated Dec 4, 2024
Multifamily At 174 Walnut Street In Somerville, MA Sold For $1M With Buyers Rep Xi Li & Sellers Rep Kevin Downey
174 Walnut Street
$1,000,000
$366/SF
Building Size
2,728 SF
Asset Type
MultiFamily
Closing
Oct 31, 2023
About this deal
AI
A multifamily property at 174 Walnut Street in Somerville, MA, has been sold for $1,000,000. This property spans a total area of 2,728 square feet, with a price per square foot of $367.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 174 Walnut Street, Somerville, MA
- Market: Somerville, MA
- Buyer's Rep: Xi Li - Fathom Realty
- Seller's Rep: Kevin Downey - Kinlin Grover Compass
Xi Li of Fathom Realty represented the buyer, while Kevin Downey of Kinlin Grover Compass represented the seller in this transaction.
NOTE: A multifamily property at 174 Walnut Street in Somerville, MA, has been sold for $1,000,000, with Xi Li of Fathom Realty representing the buyer and Kevin Downey of Kinlin Grover Compass representing the seller in the transaction.
Players
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