Updated Sep 9, 2024
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
$2,900,000
$447/SF
Building Size
6,474 SF
Asset Type
MultiFamily
Closing
Sep 6, 2022
About this deal
AI
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.
On the Map
$2,900,000
$447/SF
MultiFamily
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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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93