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20 Endicott Avenue, Somervi...

Shane Marrion Of Benoit Real Estate Group, Llc Sells Multifamily Property In Somerville, MA For $1.25M
SOLDMultiFamily

Shane Marrion Of Benoit Real Estate Group, Llc Sells Multifamily Property In Somerville, MA For $1.25M

20 Endicott Avenue, Somerville, MA, USA

$1,250,000

$465/SF

Building Size

2,688 SF

Asset Type

MultiFamily

Closing

Nov 18, 2021

AI

The multifamily property located at 20 Endicott Ave in Somerville, MA has been sold for a price of $1,250,000. The property spans an area of 2,688 square feet, resulting in a price per square foot of $465. Shane Marrion from Benoit Real Estate Group, LLC served as the broker for this transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,250,000
  • Address: 20 Endicott Ave
  • Market: Somerville, MA
  • BROKER: Shane Marrion - Benoit Real Estate Group, LLC

This sale transaction was facilitated by the expertise of Shane Marrion from Benoit Real Estate Group, LLC. The property's favorable location in Somerville, MA and its attractive price per square foot made it an appealing investment opportunity.

Players

Shane Marrion

Benoit Real Estate Group

Broker

$6.8M

vol

5 deals

Broker

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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93