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22-24 Ten Hills Road

Dreamhouse Team Of Phoenix Real Estate Group Represents Buyer In $1.142M Somerville Multifamily Sale
SOLDMultiFamily

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

Joseph Cirrone

Advisors Living

Broker

$2.3M

vol

2 deals

Broker

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

13.89%

Cash-on-Cash

-3.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93