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.
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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