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Matthew Slowik Of Compass Sells Multifamily In Somerville, MA For $1.225M
SOLD
$1,225,000
Massachusetts
See Similar DealsMultiFamily2,032 SF
Sold 06/05/2024
SOLD
Matthew Slowik Of Compass Sells Multifamily In Somerville, MA For $1.225M
40 Houghton Street
See Similar DealsMultiFamily2,032 SF
Sold 06/05/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$602
Total Square Footage:2,032 SF
Transaction Type:Sale
A well-maintained 3-family home at 40 Houghton St in Somerville, MA, sold for $1,225,000, offering a charming residence just one block away from vibrant Inman Square with easy access to Harvard, MIT, and public transportation. The property spans 2,032 square feet with a price per unit of $408,333 and a price per square foot of $603.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Units: 3
- Square Footage: 2,032
- Price per Unit: $408,333
- Price per Square Foot: $603
- Address: 40 Houghton Street
- Market: Somerville, MA
The buyer's representative for this transaction was Matthew Slowik from Compass, while the seller's representative was RE/MAX Bell Park Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,352.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,807.12
Annual Debt Service$69,685.50
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