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
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
8.32%
Cash-on-Cash
-2.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93