Keller Williams Realty Evolution Facilitates $1.19M Sale Of Multifamily Property In Somerville, MA
SOLD
$1,190,000
Massachusetts
See Similar DealsMultiFamily3,267 SF
Sold 04/20/2022
SOLD
Keller Williams Realty Evolution Facilitates $1.19M Sale Of Multifamily Property In Somerville, MA
183 Powder House Boulevard, Somerville, Massachusetts 02144, United States
See Similar DealsMultiFamily3,267 SF
Sold 04/20/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$364
Total Square Footage:3,267 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$63,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,227.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,641.21
Annual Debt Service$67,694.49
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