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
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