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Multifamily Property In Somerville, MA Sells For $1.15M With Buyer's Rep Hanna Zhang & Seller's Rep Laurie Devereaux

Property Image
SOLD
$1,150,000
Laurie Devereaux
Hanna Zhang

Massachusetts

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MultiFamily2,604 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Multifamily Property In Somerville, MA Sells For $1.15M With Buyer's Rep Hanna Zhang & Seller's Rep Laurie Devereaux

61 Springfield Street

See Similar Deals
MultiFamily2,604 SF
Sold
Laurie Devereaux
Hanna Zhang
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$441
Total Square Footage:2604 SF
Transaction Type:Sale

A multifamily property located at 61 Springfield Street in Somerville, MA, has been sold for $1,150,000. The property has a total square footage of 2,604 and a price per square foot of $442.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Address: 61 Springfield Street, Somerville, MA
  • Market: Somerville, MA

The buyer's representative in this transaction was Hanna Zhang from East Coast Realty, while the seller's representative was Laurie Devereaux from Century 21 North East.

Players

Laurie Devereaux
Century 21
Laurie Devereaux
2 deals$2.3M volume
BROKER
Hanna Zhang
East Coast Realty
Hanna Zhang
1 deal$1.2M volume(617) 460-2678
BROKER

Details

SOLD
IMAGE: Hanna Zhang & Laurie Devereaux DATE: 11/10/2023 ADDRESS: 61 Springfield Street MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: Hanna Zhang - East Coast Realty (@EastCoastRealty365) SELLER'S REP: Laurie Devereaux - Century 21 North East (@C21NE) SALE PRICE: $1,150,000 SF: 2,604 ~ PPSF: $442 NOTE: A multifamily property located at 61 Springfield Street in Somerville, MA, has been sold for $1,150,000. The transaction involved buyer's representative Hanna Zhang from East Coast Realty and seller's representative Laurie Devereaux from Century 21 North East.

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

$61,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04