SOLDMultiFamily
Multifamily Property In Somerville, MA Sold For $1.3M With HomeZu Rep Jason Saphire
$1,300,000
$397/SF
Building Size
3,270 SF
Asset Type
MultiFamily
Closing
Sep 13, 2023
AI
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.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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