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31 Temple Street

Anna Federico & Gina Brennan Close $1.08M Sale Of Multifamily Property In Somerville
SOLDMultiFamily

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

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.

Players

Gina Brennan

C. Brendan Noonan & Company

Broker

$2.6M

vol

2 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

14.69%

Cash-on-Cash

-4.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93