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7-9 Wyatt Circle

Updated Dec 4, 2024

Denman Drapkin Group Of Compass Represents Buyer In $1.18M Multifamily Sale In Somerville MA
SOLDMultiFamily

Denman Drapkin Group Of Compass Represents Buyer In $1.18M Multifamily Sale In Somerville MA

7-9 Wyatt Circle

$1,180,000

$523/SF

Building Size

2,254 SF

Asset Type

MultiFamily

Closing

Aug 8, 2024

About this deal

AI

The property asset involved in the transaction is a duplex located at 7-9 Wyatt Circle in Somerville, MA. The asset is categorized as a MultiFamily property, comprising 2 units with a sale price of $1,180,000. Each unit has an average price per unit of $590,000. The total square footage of the property is 2,254 sq ft, resulting in a price per square foot of $524. The duplex features 6 bedrooms, 2 bathrooms, newer utilities, thermopane windows, and separate laundry facilities for each unit.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,180,000
  • Address: 7-9 Wyatt Circle
  • Market: Somerville, MA
  • Units: 2
  • Price Per Unit: $590,000
  • Square Footage: 2,254
  • Price Per Square Foot: $524
  • Buyer's Representative: Denman Drapkin Group - Compass
  • Seller's Representative: John Beauvais - R. S. B. Realty

The deal features representation from Denman Drapkin Group under Compass for the buyer's side, while John Beauvais of R. S. B. Realty represents the seller. This transaction is indicative of market activity in Somerville, reflecting the involvement of experienced agents in this property transfer.

Players

John Beauvais

Broker

$2.6M

vol

2 deals

Broker

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $523 per square foot on a published $1.2M for 2,254 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.44%

Cash-on-Cash

-3.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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