Taylor Yates Acquires Multifamily Property In Somerville, MA For $1.35M
26-28 Spencer Ave, Somerville, Massachusetts, USA
$1,350,000
$424/SF
Building Size
3,182 SF
Asset Type
MultiFamily
Closing
Aug 20, 2021
AI
The multifamily property located at 26-28 Spencer Ave in Somerville, MA has recently been sold for a price of $1,350,000. The property spans over 3,182 square feet, resulting in a price per square foot of $424. The sale took place on 08/20/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 26-28 Spencer Ave, Somerville, MA
- Market: Somerville, MA
The seller's representative responsible for the transaction was The Leva Group from Gibson Sotheby's International Realty. On the other hand, Taylor Yates from Coldwell Banker Realty - Weston acted as the buyer's representative. These professionals played a crucial role in facilitating the sale of the property.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93