Updated Dec 21, 2023
Compass Brokers Sell Multifamily Property On Elmwood In Somerville, MA For $1.2M
63 Elmwood Street, Somerville, Massachusetts, USA
$1,200,000
$493/SF
Building Size
2,434 SF
Asset Type
MultiFamily
Closing
Nov 3, 2021
About this deal
AI
The multifamily property located at 63 Elmwood in Somerville, MA has been sold for $1,200,000. The transaction took place on 11/03/2021 and was facilitated by Jonathan Webb and Doug Hills of Compass. The property spans 2,434 square feet, resulting in a price per square foot of $493.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 63 Elmwood, Somerville, MA
- Square Footage: 2,434
- Price per Square Foot: $493
- Brokers: Jonathan Webb & Doug Hills - Compass
The deal was successfully negotiated by Jonathan Webb and Doug Hills from Compass. They represented the buyer and/or seller in this transaction. The sale of this multifamily property signifies a profitable investment opportunity in the Somerville market.
Players
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93