Century 21 Advance Realty Represents Sale Of Multifamily Property In Somerville For $1.31M
SOLD
$1,310,000
Massachusetts
See Similar DealsMultiFamily3,107 SF
Sold 05/03/2021
SOLD
Century 21 Advance Realty Represents Sale Of Multifamily Property In Somerville For $1.31M
36 Simpson Ave, Somerville, Massachusetts, USA
See Similar DealsMultiFamily3,107 SF
Sold 05/03/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$421
Total Square Footage:3,107 SF
Transaction Type:Sale
A multifamily property located at 36 Simpson Ave in Somerville, MA has been sold for a price of $1,310,000. The property spans across 3,107 square feet, resulting in a price per square foot of $422. The sale took place on 05/03/2021. Loreen Cinganelli of Century 21 Advance Realty represented the seller in this transaction.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,310,000
- Square Feet: 3,107
- Price Per Square Foot: $422
- Date: 05/03/2021
- Address: 36 Simpson Ave, Somerville, MA
- Market: Somerville, MA
Loreen Cinganelli, a broker from Century 21 Advance Realty, had the representation of the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,866.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,654.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,210.07
Annual Debt Service$74,520.82
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