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
- Property Type: Multifamily
- Transaction Amount: $1,230,000
- Square Footage: 3,708
- Price per Square Foot: $332
- Buyer's Representative: Sylvia Shen - Cameron Real Estate Group
- Seller's Representative: Judy Sousa - Berkshire Hathaway HomeServices
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
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
12.90%
Cash-on-Cash
-3.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93