Pearl Emmons Acquires Multifamily Property In Somerville, MA For $1.45M
SOLD
$1,455,000
Massachusetts
See Similar DealsMultiFamily3,696 SF
Sold 01/21/2022
SOLD
Pearl Emmons Acquires Multifamily Property In Somerville, MA For $1.45M
36 Packard Avenue, Somerville, Massachusetts 02144, United States
See Similar DealsMultiFamily3,696 SF
Sold 01/21/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$393
Total Square Footage:3,696 SF
Transaction Type:Sale
A multifamily property located at 36 Packard Ave in Somerville, MA has been sold for $1,455,000. The property spans over 3,696 square feet with a price per square foot of $394.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,455,000
- Address: 36 Packard Ave
- Market: Somerville, MA
Pearl Emmons of 4 Buyers Real Estate LLC represented the buyer in this transaction, while Christopher Griffin of Griffin Properties represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,169.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,897.44
Annual Debt Service$82,769.31
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