Melanie Lentini Of Leading Edge Real Estate Represents Seller In $1.35M Multifamily Sale In Somerville, MA
SOLD
$1,350,000
Massachusetts
See Similar DealsMultiFamily4,119 SF
Sold 01/20/2021
SOLD
Melanie Lentini Of Leading Edge Real Estate Represents Seller In $1.35M Multifamily Sale In Somerville, MA
21 Jaques Street, Somerville, MA, USA
See Similar DealsMultiFamily4,119 SF
Sold 01/20/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$327
Total Square Footage:4,119 SF
Transaction Type:Sale
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.
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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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