Shane Marrion Of Benoit Real Estate Group, Llc Sells Multifamily Property In Somerville, MA For $1.25M
SOLD
$1,250,000
Massachusetts
See Similar DealsMultiFamily2,688 SF
Sold 11/18/2021
SOLD
Shane Marrion Of Benoit Real Estate Group, Llc Sells Multifamily Property In Somerville, MA For $1.25M
20 Endicott Avenue, Somerville, MA, USA
See Similar DealsMultiFamily2,688 SF
Sold 11/18/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$465
Total Square Footage:2,688 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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