Updated Dec 4, 2024
Anna Federico & Gina Brennan Close $1.08M Sale Of Multifamily Property In Somerville
31 Temple Street
$1,080,000
$342/SF
Building Size
3,150 SF
Asset Type
MultiFamily
Closing
Apr 24, 2024
About this deal
AI
The three-family residence at 31 Temple St in Somerville, MA, sold for $1,080,000, offering 7 beds, 3 baths, and 3,150 sq ft of living space. Situated in the Winter Hill area, the property presents an excellent investment opportunity with easy access to transportation and nearby amenities.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,080,000
- Units: 3
- Price Per Unit: $360,000
- Square Feet: 3,150
- Price Per Square Foot: $343
- Address: 31 Temple Street, Somerville, MA
- Market: Somerville, MA
Anna Federico from Bel Air Properties represented the buyer in the transaction, while Gina Brennan from C. Brendan Noonan & Co. served as the seller's representative.
On the Map
$1,080,000
$342/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
14.69%
Cash-on-Cash
-4.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93