Updated Dec 20, 2023
Keller Williams Boston-Metro Acquires Somerville Multifamily For $1.255M
23 Charnwood Rd, Somerville, Massachusetts, USA
$1,255,000
$402/SF
Building Size
3,117 SF
Asset Type
MultiFamily
Closing
Jun 15, 2020
About this deal
AI
The multifamily property located at 23 Charnwood Rd in Somerville, MA was recently sold. The sale took place on June 15, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,255,000
- Square Footage: 3,117
- Price per Square Foot: $403
- Market: Somerville, MA
The seller's representative in this transaction was Martha Morese from Real Living Suburban Lifestyle Real Estate. The buyer's representative was Dan Li from Keller Williams Realty Boston-Metro | Back Bay.
The multifamily sale at 23 Charnwood Rd, Somerville, Massachusetts, USA in Somerville, Massachusetts sold for $1.3M in 2020. The building is 3,117 square feet, implying about 402 per square foot on the published price. Named participants on the 23 Charnwood Rd, Somerville, Massachusetts, USA sale are Martha Morese, Dan Li. This page is the Somerville, Massachusetts file for the 23 Charnwood Rd, Somerville, Massachusetts, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 23 Charnwood Rd, Somerville, Massachusetts, USA around 2020. Published consideration for 23 Charnwood Rd, Somerville, Massachusetts, USA is $1.3M, dated 2020. Cite this Keller Williams Boston-Metro Acquires Somerville Multifamily For $1.255M sale when underwriting similar multifamily product around Somerville, Massachusetts.
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Somerville MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.64%
Cash-on-Cash
-3.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93