A multifamily property located at 220 Summer Street in Somerville, MA has been sold for $1,825,000. This newly renovated three-family asset features a total of 3,376 square feet with 8 bedrooms and 4 bathrooms. The property consists of three units, generating a combined monthly rent of $9,900, translating to a price per unit of $608,333 and a price per square foot of $541. It is situated near Porter Square and Harvard, making it appealing for both investors and potential owner-occupants, with possibilities for condo conversion.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,825,000
• Units: 3
• Price Per Unit: $608,333
• Square Footage: 3,376
• Price Per Square Foot: $541
• Buyer's Representative: Sage Jankowitz - Re/Max
• Seller's Representative: Nathan Long - Coldwell Banker Cambridge

Sage Jankowitz represented the buyer in this transaction, while Nathan Long represented the seller. Their involvement highlights the collaboration and expertise of both Re/Max and Coldwell Banker Cambridge in facilitating this deal.