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Casey Scholl & David Lilley Facilitate $1.116M Sale Of Somerville Multifamily

Property Image
SOLD
$1,116,000

Massachusetts

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MultiFamily2,208 SF
Sold 04/26/2024
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Property Image
SOLD

Casey Scholl & David Lilley Facilitate $1.116M Sale Of Somerville Multifamily

53 Fairfax Street

See Similar Deals
MultiFamily2,208 SF
Sold 04/26/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$505
Total Square Footage:2,208 SF
Transaction Type:Sale

Located at 53 Fairfax Street in Somerville, MA, a multifamily property was recently sold for $1,116,000. Spanning 2,208 square feet, the property was transacted at a price of $505 per square foot. The buyer was represented by Casey Scholl of Coldwell Banker, while the seller was represented by David Lilley of Re/Max.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,116,000
  • Address: 53 Fairfax Street
  • Market: Somerville, MA
  • Square Footage: 2,208
  • Buyer's Rep: Casey Scholl - Coldwell Banker
  • Seller's Rep: David Lilley - Re/Max

Casey Scholl from Coldwell Banker facilitated the purchase on behalf of the buyer, while David Lilley of Re/Max represented the seller in the property sale, showcasing the professional involvement of the key individuals in ensuring the successful completion of the transaction.

Players

David Lilley
14 deals$34.8M volume
BROKER

Casey Scholl
Coldwell Banker
1 deal$1.1M volume(609) 284-3147
BROKER

Details

SOLD
IMAGE: Casey Scholl & David Lilley DATE: 04/26/2024 ADDRESS: 53 Fairfax Street MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: Casey Scholl (@CaseyScholl) - Coldwell Banker (@ColdwellBanker) SELLER'S REP: David Lilley - Re/Max (@DestinyAgents) SALE PRICE: $1,116,000 SF: 2,208 ~ PPSF: $505 NOTE: In Somerville, a multifamily property located at 53 Fairfax Street was sold for $1,116,000. Casey Scholl of Coldwell Banker represented the buyer, while David Lilley of Re/Max represented the seller in the transaction.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,964.91
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