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30 Forest Street

Maggie Dee & Robin Repucci Of Compass Close $2.375M Multifamily Sale In Somerville, MA
SOLDMultiFamily

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

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.

Players

Maggie Dee

Compass

Broker

$9.4M

vol

5 deals

Broker

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