Move2boston Group Acquires Multifamily Property On Medford St, Somerville For $1.38M
SOLD
$1,380,000
Massachusetts
See Similar DealsMultiFamily3,084 SF
Sold 04/22/2022
SOLD
Move2boston Group Acquires Multifamily Property On Medford St, Somerville For $1.38M
471 Medford St, Somerville, Massachusetts 02145, United States
See Similar DealsMultiFamily3,084 SF
Sold 04/22/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$447
Total Square Footage:3,084 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$73,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,902.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,541.90
Annual Debt Service$78,502.85
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