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Robin Kelly, Travers Peterson, Nathan Ingham, Kevin Hunt & Brian Long Acquire Somerville Multifamily For $1.2M

Property Image
SOLD
$1,200,000
Robin Kelly
Nathan Ingham
+ 2

Massachusetts

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MultiFamily2,352 SF
Sold 06/04/2020
the dealplayerscompscontact
Property Image
SOLD

Robin Kelly, Travers Peterson, Nathan Ingham, Kevin Hunt & Brian Long Acquire Somerville Multifamily For $1.2M

27 Adrian St, Somerville, Massachusetts, USA

See Similar Deals
MultiFamily2,352 SF
Sold 06/04/2020
Robin Kelly
Nathan Ingham
+ 2
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$510
Total Square Footage:2,352 SF
Transaction Type:Sale

Located at 27 Adrian St in Somerville, MA, this multifamily property was recently sold for a total of $1,200,000. The property spans across 2,352 square feet, resulting in a price per square foot of $510.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Address: 27 Adrian St, Somerville, MA
  • Market: Somerville, MA

Assisting in this successful sale were Robin Kelly, Travers Peterson, Nathan Ingham, Kevin Hunt, and Brian Long from the Real Estate Advisors team at Coldwell Banker Realty in Cambridge.

Players

Robin Kelly
1 deal$1.2M volume
BROKER

Travers Peterson
Coldwell Banker
3 deals$4M volume
BROKER

Nathan Ingham
Coldwell Banker
1 deal$1.2M volume
BROKER

Kevin Hunt
Coldwell Banker
1 deal$1.2M volume
BROKER

Brian Long
Coldwell Banker
1 deal$1.2M volume
BROKER

Details

SOLD
IMAGE: Robin Kelly, Travers Peterson, Nathan Ingham, Kevin Hunt & Brian Long DATE: 06/04/2021 ADDRESS: 27 Adrian St MARKET: Somerville, MA ASSET TYPE: Multifamily BROKERS: The Team - Real Estate Advisors - Coldwell Banker Realty - Cambridge SALE PRICE: $1,200,000 SF: 2,352 ~ PPSF: $510

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

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35