Liliana Delgado Of Cameron Real Estate Group Represents Buyer In $1.7M Multifamily Sale In Somerville
6-8 Knapp Street
$1,700,000
$345/SF
Building Size
4,924 SF
Asset Type
MultiFamily
Closing
Sep 3, 2024
AI
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.
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Somerville 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93