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
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