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Manoel R. Neto Acquires Somerville Multifamily As Buyer's Rep For $1.075M

Property Image
SOLD
$1,075,000

Massachusetts

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MultiFamily3,017 SF
Sold 06/25/2024
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Property Image
SOLD

Manoel R. Neto Acquires Somerville Multifamily As Buyer's Rep For $1.075M

41 Horace Street

See Similar Deals
MultiFamily3,017 SF
Sold 06/25/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$356
Total Square Footage:3,017 SF
Transaction Type:Sale

A fully leased 2-family home located at 41 Horace St., Somerville, recently renovated in 2021, was sold for $1.075 million. The property features modern amenities such as granite countertops, stainless steel appliances, and central A/C. Each unit includes laundry hookups, with Unit 2 offering an additional third-floor bonus space and a private rooftop deck with city views.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,075,000
  • Units: 2
  • Price Per Unit: $537,500
  • Square Footage: 3,017
  • Price Per Square Foot: $356
  • Address: 41 Horace Street, Somerville, MA
  • Market: Somerville, MA

The buyer's representative in this transaction was Manoel R. Neto from LAER Realty Partners, while the seller was represented by Winter Properties Realty Group from Custom Home Realty, Inc.

Players

Manoel R. Neto
1 deal$1.1M volume(617) 719-6474
BROKER

Details

SOLD
IMAGE: Manoel R. Neto DATE: 06/25/2024 ADDRESS: 41 Horace Street MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: Manoel R. Neto - LAER Realty Partners (@LAERRealty) SELLER'S REP: Winter Properties Realty Group - Custom Home Realty, Inc. SALE PRICE: $1,075,000 UNITS: 2 ~ PPU: $537,500 SF: 3,017 ~ PPSF: $356 NOTE: Recently renovated in 2021, a fully leased 2-family home at 41 Horace St., Somerville, sold for $1.075 million, offering modern amenities including new siding, windows, and central A/C. Each unit features granite countertops, stainless steel appliances, and laundry hookups, with Unit 2 boasting an additional third-floor bonus space and a private rooftop deck with city views, making it an attractive investment near the Somerville/Cambridge line.

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