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Multifamily Property In Somerville, MA Sold For $1.3M With HomeZu Rep Jason Saphire
SOLD
$1,300,000
Massachusetts
See Similar DealsMultiFamily3,270 SF
Sold 09/13/2023
SOLD
Multifamily Property In Somerville, MA Sold For $1.3M With HomeZu Rep Jason Saphire
MultiFamily3,270 SF
Sold 09/13/2023
Summary
Asset Type:MultiFamily
Price Per Square Foot:$397
Total Square Footage:3,270 SF
Transaction Type:Sale
A multifamily property located at 58 Main Street in Somerville, MA, was sold for $1.3 million. The property spans 3,270 square feet, resulting in a price per square foot of $398.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 58 Main Street, Somerville, MA
- Market: Somerville, MA
The sale was facilitated by broker Jason Saphire of HomeZu.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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