Brian Fitzpatrick's Multifamily Property In Somerville, MA Sells For $1.4M
SOLD
$1,400,000
Massachusetts
See Similar DealsMultiFamily2,883 SF
Sold
SOLD
Brian Fitzpatrick's Multifamily Property In Somerville, MA Sells For $1.4M
22 Leonard Street, Somerville, Massachusetts, USA
See Similar DealsMultiFamily2,883 SF
Sold
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.
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Deal Type
30 years
10 years
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
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