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

Property Image
SOLD
$1,907,000

Massachusetts

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MultiFamily3,281 SF
Sold 04/04/2024
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Property Image
SOLD

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

218 Willow Avenue

See Similar Deals
MultiFamily3,281 SF
Sold 04/04/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$581
Total Square Footage:3,281 SF
Transaction Type:Sale

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

2 deals$3.7M volume
BROKER

Details

SOLD
IMAGE: Rory Payson & Scarlett Tamburro DATE: 04/04/2024 ADDRESS: 218 Willow Avenue MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: Rory Payson - Payson Realty SELLER'S REP: Scarlett Tamburro (@ScarlettSalesQueenBoston) - Advisors Living (@AdvisorsLiving) SALE PRICE: $1,907,000 SF: 3,281 ~ PPSF: $581 NOTE: 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.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$101,706.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,775.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,040.15
Annual Debt Service$108,481.83