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Full Circle Realty LLC Acquires Multifamily Property In Somerville, MA For $1.005M

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SOLD
$1,005,000

Massachusetts

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MultiFamily3,175 SF
Sold 03/05/2021
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Property Image
SOLD

Full Circle Realty LLC Acquires Multifamily Property In Somerville, MA For $1.005M

222 School Street, Somerville, Massachusetts, USA

See Similar Deals
MultiFamily3,175 SF
Sold 03/05/2021
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$316
Total Square Footage:3,175 SF
Transaction Type:Sale

The multifamily property located at 222-224 School Street in Somerville, MA was recently sold for a total price of $1,005,000. The property spans a total square footage of 3,175, resulting in a price per square foot of $317.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,005,000
  • Address: 222-224 School Street, Somerville, MA
  • Market: Somerville, MA

The seller's representative in this transaction was Roberta Toner from Century 21 North East - Norton Group RE. On the other side, Christopher Mehr represented the buyer as the broker from Full Circle Realty LLC.

Players

RT
1 deal$1M volume
BROKER

Details

SOLD
IMAGE: Christopher Mehr DATE: 03/05/2021 ADDRESS: 222-224 School Street MARKET: Somerville, MA ASSET TYPE: Multifamily SELLER'S REP: Roberta Toner - Century 21 North East - Norton Group RE BUYER'S REP: Christopher Mehr - Full Circle Realty LLC SALE PRICE: $1,005,000 SF: 3,175 ~ PPSF: $317

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,570.56
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