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43 Evergreen Avenue

Berkshire Hathaway HomeServices Acquires Multifamily Property In Somerville, MA For $1.23M
SOLDMultiFamily

Berkshire Hathaway HomeServices Acquires Multifamily Property In Somerville, MA For $1.23M

43 Evergreen Avenue

$1,230,000

$331/SF

Building Size

3,708 SF

Asset Type

MultiFamily

Closing

Jan 5, 2024

AI

A multifamily property located at 43 Evergreen Avenue in Somerville, MA, has been sold for a total of $1.23 million. The property spans a total of 3,708 square feet and has a price per square foot of $332. The transaction took place on January 5, 2024, and Judy Sousa of Berkshire Hathaway HomeServices represented the seller, while Sylvia Shen of Cameron Real Estate Group acted as the buyer's representative.

Summary of transaction details

The sale of this multifamily property at 43 Evergreen Avenue marks an important transaction in Somerville, MA's real estate market. Sylvia Shen, representing the buyer, worked alongside Judy Sousa, who acted as the seller's representative from Berkshire Hathaway HomeServices. The successful sale at $1.23 million highlights the value and potential of this property.

Players

Judy Sousa

Berkshire Hathaway HomeServices

Broker

$1.2M

vol

1 deal

Broker

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.90%

Cash-on-Cash

-3.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93