John P. Bulman Of Brad Hutchinson Real Estate Sells Multifamily Property On Ivaloo St In Somerville, MA For $2.9M
SOLD
$2,900,000
Massachusetts
See Similar DealsMultiFamily6,474 SF
Sold 09/07/2022
SOLD
John P. Bulman Of Brad Hutchinson Real Estate Sells Multifamily Property On Ivaloo St In Somerville, MA For $2.9M
2 Ivaloo Street, Somerville, Massachusetts 02143, United States
See Similar DealsMultiFamily6,474 SF
Sold 09/07/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$447
Total Square Footage:6,474 SF
Transaction Type:Sale
The multifamily property located at 2 Ivaloo St in Somerville, MA has been sold for a price of $2,900,000. The transaction was facilitated by John P. Bulman from Brad Hutchinson Real Estate. The property spans a total area of 6,474 square feet, resulting in a price per square foot of $448.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Date: 09/07/2022
- Address: 2 Ivaloo St, Somerville, MA
- Market: Somerville, MA
- Agent: John P. Bulman - Brad Hutchinson Real Estate
This transaction showcases the successful collaboration between the buyer, seller, and their respective representatives. The expertise and negotiation skills of John P. Bulman from Brad Hutchinson Real Estate played a crucial role in finalizing the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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