Melanie Lentini Of Leading Edge Real Estate Represents Seller In $1.35M Multifamily Sale In Somerville, MA
21 Jaques Street, Somerville, MA, USA
$1,350,000
$327/SF
Building Size
4,119 SF
Asset Type
MultiFamily
Closing
Jan 19, 2021
AI
A multifamily property located at 21 Jaques Street in Somerville, MA has been sold for a price of $1,350,000. The property consists of 3 units with an average price per unit of $450,000. The total square footage of the property is 4,119, resulting in a price per square foot of $328.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 21 Jaques Street, Somerville, MA
- Market: Somerville, MA
- Units: 3
- Price per Unit: $450,000
- Square Footage: 4,119
- Price per Square Foot: $328
Leading Edge Real Estate represented the seller, while Keller Williams Realty represented the buyer in this transaction.
Players
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93