Move2boston Group Acquires Multifamily Property On Medford St, Somerville For $1.38M
471 Medford St, Somerville, Massachusetts 02145, United States
$1,380,000
$447/SF
Building Size
3,084 SF
Asset Type
MultiFamily
Closing
Apr 21, 2022
AI
The multifamily property located at 471 Medford St in Somerville, MA was recently sold for a price of $1,380,000. This property spans across 3,084 square feet, resulting in a price per square foot of $447.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,380,000
- SF: 3,084
- PPSF: $447
- Market: Somerville, MA
The buyer in this transaction was represented by Adrian Cheng from Move2boston Group, Llc, while David Lilley from Re/Max Destiny served as the seller's representative.
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
11.49%
Cash-on-Cash
-3.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93