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40 College Hill Road, Somer...

Lawrence O'Connor Acquires Multifamily Property In Somerville, MA For $1.05M
SOLDMultiFamily

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

Lawrance O'Connor

Broker

$11.8M

vol

4 deals

Broker

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