Robin Kelly, Travers Peterson, Nathan Ingham, Kevin Hunt & Brian Long Acquire Somerville Multifamily For $1.2M
SOLD
Massachusetts
See Similar DealsMultiFamily2,352 SF
Sold 06/04/2020
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 DealsMultiFamily2,352 SF
Sold 06/04/2020
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.
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Deal Type
30 years
10 years
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
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