Updated Dec 4, 2024
Maggie Dee & Robin Repucci Of Compass Close $2.375M Multifamily Sale In Somerville, MA
30 Forest Street
$2,375,000
$840/SF
Building Size
2,827 SF
Asset Type
MultiFamily
Closing
May 20, 2024
About this deal
AI
An updated historic residence near the Cambridge line, 30 Forest Street in Somerville, MA, was recently sold for $2.375 million. This multifamily property spans 2,827 square feet and boasts modern amenities such as central AC and stainless steel appliances alongside charming period details.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,375,000
- Address: 30 Forest Street
- Market: Somerville, MA
Representing the deal at 30 Forest Street in Somerville, MA, were Maggie Dee & Robin Repucci from Compass. They facilitated the sale of this updated historic residence, showcasing their expertise in the local real estate market.
On the Map
$2,375,000
$840/SF
MultiFamily
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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
6.68%
Cash-on-Cash
-1.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93