Redfin Corp. Acquires Multifamily Property In Somerville, MA For $1.1M
SOLD
Massachusetts
See Similar DealsMultiFamily2,693 SF
Sold
SOLD
Redfin Corp. Acquires Multifamily Property In Somerville, MA For $1.1M
42 Elm Street, Somerville, MA, USA
See Similar DealsMultiFamily2,693 SF
Sold
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$426
Total Square Footage:2693 SF
Transaction Type:Sale
The multifamily property located at 42 Elm Street in Somerville, MA has been sold for a price of $1,148,000. The property spans across 2,693 square feet, resulting in a price per square foot of $426.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,148,000
- Date: 02/25/2021
- Address: 42 Elm Street, Somerville, MA
- Market: Somerville, MA
The seller's representative for this transaction was Salvatore Sillari from Century 21 Avon, while the buyer's representative was Aditi Jain from Redfin Corp.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,226.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,078.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,442.11
Annual Debt Service$65,305.27
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