Robin Kelly, Travers Peterson, Nathan Ingham, Kevin Hunt & Brian Long Acquire Somerville Multifamily For $1.2M
27 Adrian St, Somerville, Massachusetts, USA
$1,200,000
$510/SF
Building Size
2,352 SF
Asset Type
MultiFamily
Closing
Jun 4, 2020
AI
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
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93