Full Circle Realty LLC Acquires Multifamily Property In Somerville, MA For $1.005M
SOLD
$1,005,000
Massachusetts
See Similar DealsMultiFamily3,175 SF
Sold 03/05/2021
SOLD
Full Circle Realty LLC Acquires Multifamily Property In Somerville, MA For $1.005M
222 School Street, Somerville, Massachusetts, USA
See Similar DealsMultiFamily3,175 SF
Sold 03/05/2021
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,570.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,764.21
Annual Debt Service$57,170.55
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