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Brian Fitzpatrick's Multifamily Property In Somerville, MA Sells For $1.4M

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SOLD
$1,400,000

Massachusetts

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MultiFamily2,883 SF
Sold
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Property Image
SOLD

Brian Fitzpatrick's Multifamily Property In Somerville, MA Sells For $1.4M

22 Leonard Street, Somerville, Massachusetts, USA

See Similar Deals
MultiFamily2,883 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$485
Total Square Footage:2883 SF
Transaction Type:Sale

Located at 22 Leonard Street in Somerville, MA, this multifamily property was recently sold for a price of $1,400,000. Spanning across approximately 2,883 square feet, the property offers a price per square foot of $486.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Address: 22 Leonard Street, Somerville, MA
  • Market: Somerville, MA

The seller's representative in this transaction was Brian Fitzpatrick from Coldwell Banker Realty - Waltham. On the other hand, the buyer was represented by the 4 Buyers RE Team from 4 Buyers Real Estate LLC.

Players

Brian Fitzpatrick
1 deal$1.4M volume
BROKER

Details

SOLD
IMAGE: Brian Fitzpatrick DATE: 03/08/2021 ADDRESS: 22 Leonard Street MARKET: Somerville, MA ASSET TYPE: Multifamily SELLER'S REP: Brian Fitzpatrick - Coldwell Banker Realty - Waltham BUYER'S REP: 4 Buyers RE Team - 4 Buyers Real Estate LLC SALE PRICE: $1,400,000 SF: 2,883 ~ PPSF: $486

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

$74,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57