Updated Sep 5, 2024
John Henry Davis Acquires Multifamily Property In Somerville, MA For $1.1M
47 Adams Street, Somerville, Massachusetts 02145, United States
$1,100,000
$476/SF
Building Size
2,310 SF
Asset Type
MultiFamily
Closing
Aug 30, 2022
About this deal
AI
A multifamily property located at 47 Adams St in Somerville, MA has been sold for $1,100,000. The property consists of 2 units, with a price per unit of $550,000. The total square footage of the property is 2,310, with a price per square foot of $476.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 2
- Price Per Unit: $550,000
- Square Footage: 2,310
- Price Per Square Foot: $476
The sale was facilitated by John Henry Davis of Keller Williams Realty.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93