Lux Realty Acquires Multifamily Property In Somerville, MA For $1.35M
SOLD
$1,350,000
Massachusetts
See Similar DealsMultiFamily2,706 SF
Sold 04/11/2022
SOLD
Lux Realty Acquires Multifamily Property In Somerville, MA For $1.35M
20 Cutter Avenue, Somerville, Massachusetts 02144, United States
See Similar DealsMultiFamily2,706 SF
Sold 04/11/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$498
Total Square Footage:2,706 SF
Transaction Type:Sale
The multifamily property located at 20 Cutter Ave in Somerville, MA has been sold for a total price of $1,350,000. The property spans a total area of 2,706 square feet, resulting in a price per square foot of $499.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 20 Cutter Ave, Somerville, MA
- Market: Somerville, MA
The buyer's representative in this transaction was Kate Kittipanthopas from Lux Realty, LLC. The seller's representative was Eunmi Lee.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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