Pearl Emmons Acquires Multifamily Property In Somerville, MA For $1.45M
36 Packard Avenue, Somerville, Massachusetts 02144, United States
$1,455,000
$393/SF
Building Size
3,696 SF
Asset Type
MultiFamily
Closing
Jan 20, 2022
AI
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.
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
10.90%
Cash-on-Cash
-3.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93