Gibson Sotheby's International Realty Brokers $1.025M Sale Of Multifamily Property On Marion St In Somerville, MA
SOLD
$1,025,000
Massachusetts
See Similar DealsMultiFamily2,178 SF
Sold 02/14/2022
SOLD
Gibson Sotheby's International Realty Brokers $1.025M Sale Of Multifamily Property On Marion St In Somerville, MA
64 Marion Street, Somerville, Massachusetts 02143, United States
See Similar DealsMultiFamily2,178 SF
Sold 02/14/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$470
Total Square Footage:2,178 SF
Transaction Type:Sale
The multifamily property located at 64 Marion St in Somerville, MA has been sold for a price of $1,025,000. The property spans over an area of 2,178 square feet, resulting in a price per square foot of $471.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- Address: 64 Marion St, Somerville, MA
- Market: Somerville, MA
- BROKER: Max Dublin - Gibson Sotheby's International Realty
Max Dublin from Gibson Sotheby's International Realty represented the parties involved in this transaction as the broker for the sale of the multifamily property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,641.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,859.02
Annual Debt Service$58,308.28
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