Berkshire Hathaway HomeServices Acquires Multifamily Property In Somerville For $1.2M
SOLD
$1,239,000
Massachusetts
See Similar DealsMultiFamily3,483 SF
Sold 02/26/2021
SOLD
Berkshire Hathaway HomeServices Acquires Multifamily Property In Somerville For $1.2M
36 Radcliffe Road, Somerville, MA, USA
See Similar DealsMultiFamily3,483 SF
Sold 02/26/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$355
Total Square Footage:3,483 SF
Transaction Type:Sale
Located at 36 Radcliffe Road in Somerville, MA, this multifamily property was recently sold on February 26, 2021. The property spans a total of 3,483 square feet, offering ample living space for its future residents. The sale price for this property was $1,239,000, resulting in a price per square foot of $356.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,239,000
- Address: 36 Radcliffe Road, Somerville, MA
- Market: Somerville, MA
The seller's representation in this transaction was Marc Fiore from Cameron Real Estate Group, while the buyer's representative was Sabbor Sheikh from Berkshire Hathaway HomeServices Commonwealth Real Estate. Their expertise and guidance played a crucial role in facilitating the successful sale of this property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,079.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,401.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,873.49
Annual Debt Service$70,481.91
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