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Sino-Us Realty Team Of Keller Williams Realty Represents Buyer In $1.62M Somerville Multifamily Sale

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SOLD
$1,620,000

Massachusetts

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MultiFamily3,469 SF
Sold 10/11/2024
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Property Image
SOLD

Sino-Us Realty Team Of Keller Williams Realty Represents Buyer In $1.62M Somerville Multifamily Sale

25 Temple Street

See Similar Deals
MultiFamily3,469 SF
Sold 10/11/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$467
Total Square Footage:3,469 SF
Transaction Type:Sale

The multi-family property located at 25 Temple Street in Somerville, MA, sold for $1,620,000. This asset features 5 residential units and encompasses a total area of 3,469 square feet. The property, resting on a 3,670 square foot lot, showcases flexible floorplans and includes an in-law suite, highlighted by a price per unit of $324,000 and a price per square foot of $467.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,620,000
  • Units: 5
  • Square Footage: 3,469
  • Lot Size: 3,670
  • Price Per Unit: $324,000
  • Price Per Square Foot: $467
  • Buyer's Representative: Sino-Us Realty Team - Keller Williams Realty
  • Seller's Representative: Joe Danisch - Coelho Realty Group

This transaction involved the Sino-Us Realty Team from Keller Williams Realty representing the buyer while Joe Danisch from Coelho Realty Group represented the seller. Both representatives played integral roles in facilitating the sale of this multi-family asset in a competitive market.

Players

Joe Danisch
3 deals$3.9M volume
BROKER

Details

SOLD
IMAGE: Joe Danisch DATE: 10/11/2024 ADDRESS: 25 Temple Street MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: Sino-Us Realty Team - Keller Williams Realty (@KellerWilliamsRealty) SELLER'S REP: Joe Danisch (@JoeDanisch) - Coelho Realty Group (@CoelhoRealtyGroup) SALE PRICE: $1,620,000 UNITS: 5 ~ PPU: $324,000 SF: 3,469 ~ PPSF: $467 NOTE: The multi-family property at 25 Temple St in Somerville, MA, was last sold for $1.62 million in 2024, featuring 5 residential units, an in-law suite, and flexible floorplans across 3,469 square feet on a 3,670 square foot lot.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$86,400.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,755.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,679.63
Annual Debt Service$92,155.52