Neil Purdy Of Purdy Properties Represents Buyer In $1.09M Somerville Multifamily Sale With Julie Gibson

The property located at 197 Powder House Boulevard in Somerville, MA, is a multifamily asset sold for $1,090,000. It offers a total of 2,306 square feet of living space, translating to a price per square foot of $473. The multi-family building, dating back to 1910, comprises 5 bedrooms and 2 bathrooms, has updated utilities, and includes parking for 2 vehicles.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,090,000
• Square Footage: 2,306
• Price Per Square Foot: $473
• Buyer’s Representative: Neil Purdy - Purdy Properties
• Seller’s Representative: Julie Gibson - Gibson Sotheby's International Realty

This transaction highlights Neil Purdy representing the buyer, while Julie Gibson represented the seller, emphasizing the roles of the real estate professionals involved in this deal. The property was noted for its investment potential, specifically for condo conversion or generating rental income, due to its location near Tufts and Davis Square.