Dreamhouse Team Of Phoenix Real Estate Group Represents Buyer In $1.142M Somerville Multifamily Sale
22-24 Ten Hills Road
$1,142,000
Units
2
Asset Type
MultiFamily
Closing
Jul 29, 2024
AI
A traditional two-family home at 22-24 Ten Hills Road in Somerville, MA, has sold for $1,142,000. The property features 5 bedrooms, 2 bathrooms, and updated kitchens. It includes amenities such as central air and is conveniently located near Assembly Row, major routes, and public transportation.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,142,000
- Units: 2
- Price Per Unit: $571,000
- Buyer's Representative: Dreamhouse Team - Phoenix Real Estate Group
- Seller's Representative: Joseph Cirrone - Advisors Living
The sale involved the representation of the buyer by the Dreamhouse Team through the Phoenix Real Estate Group, while the seller was represented by Joseph Cirrone from Advisors Living, highlighting the collaboration between the agencies in facilitating the transaction.
Players
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
13.89%
Cash-on-Cash
-3.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93