Lawrence O'Connor Acquires Multifamily Property In Somerville, MA For $1.05M
40 College Hill Road, Somerville, MA, USA
$1,050,000
$333/SF
Building Size
3,153 SF
Asset Type
MultiFamily
Closing
Jan 26, 2021
AI
A multifamily property located at 40 College Hill Road in Somerville, MA has been sold for $1,050,000. The property consists of 2 units, with each unit valued at $525,000. The total square footage of the property is 3,153, resulting in a price per square foot of $333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Units: 2
- Square Footage: 3,153
- Price per Square Foot: $333
- Address: 40 College Hill Road, Somerville, MA
- Market: Somerville, MA
The seller was represented by Bob Trodden from RE/MAX 360, while Lawrence O'Connor from Sterling Beacon Hill acted as the buyer's representative.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93