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41 Vernon Street

Ryan Will & Michelle Mazzola Broker Sale Of Multifamily Property In Somerville, MA For $1.05M
SOLDMultiFamily

Ryan Will & Michelle Mazzola Broker Sale Of Multifamily Property In Somerville, MA For $1.05M

41 Vernon Street

$1,050,000

$458/SF

Building Size

2,290 SF

Asset Type

MultiFamily

Closing

Apr 17, 2024

AI

41 Vernon St in Somerville, MA, sold for $1.05 million, offering a well-maintained two-family home on a corner lot. The property boasts two spacious bedrooms in each unit, hardwood floors throughout, and spans 2,290 square feet. The price per square foot was $459.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Address: 41 Vernon Street
  • Market: Somerville, MA

Ryan Will from 360 Realty LLC represented the buyer, while Michelle Mazzola from Kadilak Realty Group represented the seller in the deal.

Players

Ryan Will

360 Realty

Broker

$7.2M

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