facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

218 Willow Avenue

Rory Payson & Scarlett Tamburro Close $1.907M Multifamily Sale In Somerville
SOLDMultiFamily

Rory Payson & Scarlett Tamburro Close $1.907M Multifamily Sale In Somerville

218 Willow Avenue

$1,907,000

$581/SF

Building Size

3,281 SF

Asset Type

MultiFamily

Closing

Apr 4, 2024

AI

A meticulously maintained two-family home in Somerville, MA, located at 218 Willow Ave, has been sold for $1.907 million, offering a prime investment opportunity. The property spans 3,281 square feet and was sold at a price per square foot of $581.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,907,000
  • Address: 218 Willow Avenue
  • Market: Somerville, MA

Rory Payson of Payson Realty represented the buyer in this transaction, while Scarlett Tamburro from Advisors Living was the seller's representative. Both parties played crucial roles in facilitating the successful sale of the two-family property at 218 Willow Avenue in Somerville, MA.

Players

Rory Payson

Payson Realty

Broker

$3.7M

vol

2 deals

Broker

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

8.32%

Cash-on-Cash

-2.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93