Lexwin Realty Acquires Multifamily Property In Somerville, MA For $1.125M
SOLD
$1,125,000
Massachusetts
See Similar DealsMultiFamily3,271 SF
Sold 02/08/2021
SOLD
Lexwin Realty Acquires Multifamily Property In Somerville, MA For $1.125M
27 Garrison Avenue, Somerville, MA, USA
See Similar DealsMultiFamily3,271 SF
Sold 02/08/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$343
Total Square Footage:3,271 SF
Transaction Type:Sale
Located at 27 Garrison Avenue in Somerville, MA, a multifamily property was recently sold. The transaction took place on 02/08/2021, with a sale price of $1,125,000. The property spans over 3,271 square feet, resulting in a price per square foot of $344.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Address: 27 Garrison Avenue, Somerville, MA
- Market: Somerville, MA
The seller's representative for this sale was Guy Contaldi from Coldwell Banker Realty - Arlington. On the other hand, Carlos Xu from Lexwin Realty acted as the buyer's representative.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,996.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,333.07
Annual Debt Service$63,996.89
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