Rev Realty Team Acquires Multifamily Property In Somerville, MA For $1.5M
36 Meacham Road, Somerville, Massachusetts 02144, United States
$1,500,000
$438/SF
Building Size
3,422 SF
Asset Type
MultiFamily
Closing
Mar 23, 2022
AI
The multifamily property located at 36 Meacham Rd in Somerville, MA has been sold for $1,500,000. The transaction was handled by Declan O'Toole from SelectRE Boston, representing the seller, and Rev Realty Team from Revolution Realty, representing the buyer. The property spans a total of 3,422 square feet and was sold at a price per square foot of $438.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Date: 03/24/2022
- Address: 36 Meacham Rd, Somerville, MA
- Market: Somerville, MA
Declan O'Toole from SelectRE Boston and Rev Realty Team from Revolution Realty played key roles in facilitating the sale. More details about the transaction were not provided.
Players
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93