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Ilyas Nazarov & Joseph Barnes Of Keller Williams Sell Somerville Multifamily For $1.025M

Property Image
SOLD
$1,025,000
Joseph Barnes
IN

Massachusetts

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MultiFamily2,334 SF
Sold 06/14/2024
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Property Image
SOLD

Ilyas Nazarov & Joseph Barnes Of Keller Williams Sell Somerville Multifamily For $1.025M

365 Alewife Brook Parkway

See Similar Deals
MultiFamily2,334 SF
Sold 06/14/2024
Joseph Barnes
IN
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$439
Total Square Footage:2,334 SF
Transaction Type:Sale

A multifamily property located at 365-367 Alewife Brook Parkway in Somerville has been sold for $1,025,000. The property spans 2,334 square feet and achieved a price per square foot of $439. Its prime location near Dilboy Stadium contributed to its appeal in the market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,025,000
  • Address: 365-367 Alewife Brook Parkway, Somerville
  • Market: Somerville
  • Brokers: Ilyas Nazarov & Joseph Barnes - Keller Williams

The transaction was facilitated by brokers Ilyas Nazarov and Joseph Barnes from Keller Williams. The property's charming interior details also played a role in attracting potential buyers to the deal.

Players

Joseph Barnes
Keller Williams Realty
Joseph Barnes
1 deal$1M volume(857) 201-0516
BROKER
IN
Keller Williams Realty
Ilyas Nazarov
1 deal$1M volume
BROKER

Details

SOLD
IMAGE: Joseph Barnes DATE: 06/14/2024 ADDRESS: 365-367 Alewife Brook Parkway MARKET: Somerville ASSET TYPE: Multifamily BROKERS: Ilyas Nazarov & Joseph Barnes - Keller Williams (@KellerWilliamsRealty) SALE PRICE: $1,025,000 SF: 2,334 ~ PPSF: $439 NOTE: In Somerville's market, a multifamily property at 365 Alewife Brook Parkway has sold for $1,025,000. Brokers Ilyas Nazarov and Joseph Barnes of Keller Williams facilitated the transaction for the 2,334-square-foot home, achieving a price per square foot of $439. The property's prime location near Dilboy Stadium and its charming interior details contributed to its appeal.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$54,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,641.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,859.02
Annual Debt Service$58,308.28