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54 Berkeley Street

Thalia Tringo & Keller Williams Realty Facilitate $1.3M Sale Of Somerville Multifamily
SOLDMultiFamily

Thalia Tringo & Keller Williams Realty Facilitate $1.3M Sale Of Somerville Multifamily

54 Berkeley Street

$1,300,000

$352/SF

Building Size

3,690 SF

Asset Type

MultiFamily

Closing

May 31, 2024

AI

54 Berkeley St in Somerville, MA 02143 sold for $1,300,000, offering 7 beds, 2 baths, and 3,690 sq ft. This expansive 2-family property in Spring Hill, originally a single-family home, boasts a long driveway with parking for over 4 cars, an elevated yard, and updated units with in-unit laundry, making it an attractive investment opportunity in a walkable neighborhood near Harvard and Porter Square.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Units: 2
  • Price per Unit: $650,000
  • Square Footage: 3,690
  • Price per Square Foot: $352
  • Address: 54 Berkeley Street, Somerville, MA
  • Market: Somerville, MA
  • Buyer's Rep: Santana Team - Keller Williams Realty
  • Seller's Rep: Thalia Tringo - Thalia Tringo & Associates Real Estate

This transaction was facilitated with the Buyer's Rep represented by Santana Team from Keller Williams Realty, and the Seller's Rep represented by Thalia Tringo from Thalia Tringo & Associates Real Estate.

Players

Thalia Tringo

Broker

$8.1M

vol

5 deals

Broker

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93