facebook
Traded Co logo
Submit

John Henry Davis Acquires Multifamily Property In Somerville, MA For $1.1M

Property Image
SOLD
$1,100,000

Massachusetts

See Similar Deals
MultiFamily2,310 SF
Sold 08/31/2022
the dealplayerscompscontact
Property Image
SOLD

John Henry Davis Acquires Multifamily Property In Somerville, MA For $1.1M

47 Adams Street, Somerville, Massachusetts 02145, United States

See Similar Deals
MultiFamily2,310 SF
Sold 08/31/2022
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$476
Total Square Footage:2,310 SF
Transaction Type:Sale

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.

Players

John Henry Davis
Keller Williams Realty
John Henry Davis
1 deal$1.1M volume
BROKER

Details

SOLD
IMAGE: John Henry Davis DATE: 08/31/2022 ADDRESS: 47 Adams St MARKET: Somerville, MA ASSET TYPE: Multifamily BROKER: John Henry Davis (@JHSellsHomes) (@TeamDavisKW) - Keller Williams Realty (@KWShowcaseProperties) SALE PRICE: $1,100,000 UNITS: 2 ~ PPU: $550,000 SF: 2310 ~ PPSF: $476

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$58,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73