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183 Powder House Boulevard,...

Keller Williams Realty Evolution Facilitates $1.19M Sale Of Multifamily Property In Somerville, MA
SOLDMultiFamily

Keller Williams Realty Evolution Facilitates $1.19M Sale Of Multifamily Property In Somerville, MA

183 Powder House Boulevard, Somerville, Massachusetts 02144, United States

$1,190,000

$364/SF

Building Size

3,267 SF

Asset Type

MultiFamily

Closing

Apr 19, 2022

AI

The multifamily property located at 183 Powder House Blvd in Somerville, MA has been sold for a price of $1,190,000. The property spans 3,267 square feet, resulting in a price per square foot of $364.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,190,000
  • Square Footage: 3,267
  • Price per Square Foot: $364
  • Address: 183 Powder House Blvd, Somerville, MA
  • Market: Somerville, MA

Taylor Johnson of Keller Williams Realty Evolution represented the buyer in this transaction, while Kelly Bruno of Compass served as the seller's representative.

Players

Taylor Johnson

Keller Williams Realty

Broker

$1.2M

vol

2 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

13.33%

Cash-on-Cash

-3.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93