Lisa Santilli & John Kennedy From Classified Realty Group Sell Multifamily Property On Horace St In Somerville For $1.02M
SOLD
$1,020,000
Massachusetts
See Similar DealsMultiFamily3,017 SF
Sold 06/09/2020
SOLD
Lisa Santilli & John Kennedy From Classified Realty Group Sell Multifamily Property On Horace St In Somerville For $1.02M
41 Horace St, Somerville, Massachusetts, USA
See Similar DealsMultiFamily3,017 SF
Sold 06/09/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$338
Total Square Footage:3,017 SF
Transaction Type:Sale
Located at 41 Horace St in Somerville, MA, this multifamily property was recently sold. The transaction was facilitated by Lisa Santilli and John Kennedy from Classified Realty Group. The sale price for this property was $1,020,000, with a square footage of 3,017. The price per square foot was $338.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,020,000
- Square Footage: 3,017
- Price per Square Foot: $338
Lisa Santilli and John Kennedy from Classified Realty Group played a crucial role in representing the parties involved in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,623.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,835.32
Annual Debt Service$58,023.84
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