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Liliana Delgado Of Cameron Real Estate Group Represents Buyer In $1.7M Multifamily Sale In Somerville

Property Image
SOLD
$1,700,000
Liliana Delgado
Tony Pepdjonovic

Massachusetts

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MultiFamily4,924 SF
Sold 09/03/2024
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Property Image
SOLD

Liliana Delgado Of Cameron Real Estate Group Represents Buyer In $1.7M Multifamily Sale In Somerville

6-8 Knapp Street

See Similar Deals
MultiFamily4,924 SF
Sold 09/03/2024
Liliana Delgado
Tony Pepdjonovic
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$345
Total Square Footage:4,924 SF
Transaction Type:Sale

A multifamily property located at 6-8 Knapp Street in Somerville, MA, was sold for $1,700,000. The residential asset comprises 3 units and encompasses a total of 4,924 square feet of living space. Each unit represents a price per unit of $566,667 and a price per square foot of $345.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,700,000
  • Units: 3
  • Square Footage: 4,924
  • Price Per Unit: $566,667
  • Price Per Square Foot: $345
  • Buyer's Representative: Liliana Delgado - Cameron Real Estate Group
  • Seller's Representative: Tony Pepdjonovic - Marcus & Millichap

This transaction features a well-maintained 3-family property that has a solid rental history. The building consists of 11 bedrooms and 4 bathrooms and is conveniently situated near popular amenities, including Bow Market and Union Square Green Line stations.

Players

Tony Pepdjonovic
Marcus & Millichap
Tony Pepdjonovic
77 deals$383.6M volume
BROKER
Liliana Delgado
Liliana Delgado
2 deals$2.7M volume
BROKER

Details

SOLD
IMAGE: Liliana Delgado & Tony Pepdjonovic DATE: 09/03/2024 ADDRESS: 6-8 Knapp Street MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: Liliana Delgado - Cameron Real Estate Group (@CameronRealEstateGroup) SELLER'S REP: Tony Pepdjonovic - Marcus & Millichap (@MarcusMillichapBoston) SALE PRICE: $1,700,000 UNITS: 3 ~ PPU: $566,667 SF: 4,924 ~ PPSF: $345 NOTE: A 3-family property at 6-8 Knapp St, Somerville sold for $1.7M, featuring 11 beds, 4 baths, and 4,924 sq ft of living space. The well-maintained building has strong rental history and is located near popular amenities like Bow Market and Union Sq Green Line stations.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$90,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41