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
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