facebook
Traded Co logo
Submit
Daily limit: 0/10

Lin Xu Of Dream Realty Brokers $1.6M Sale Of Somerville Multifamily

Property Image
SOLD
$1,600,000

Massachusetts

See Similar Deals
MultiFamily4,110 SF
Sold 04/22/2024
the dealplayerscompscontact
Property Image
SOLD

Lin Xu Of Dream Realty Brokers $1.6M Sale Of Somerville Multifamily

7 Pearl Street

See Similar Deals
MultiFamily4,110 SF
Sold 04/22/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$389
Total Square Footage:4,110 SF
Transaction Type:Sale

A three-family home in Sullivan Square, Somerville, sold for $1,600,000, featuring three large identical units with two bedrooms and one bath each, and potential for further customization with separate living and dining areas. The property is located at 7 Pearl Street in Somerville, MA, has a total of 4,110 square feet, and was sold at a price of $533,333 per unit, with a price per square foot of $389.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,600,000
  • Units: 3
  • Price Per Unit: $533,333
  • Square Footage: 4,110
  • Price Per Square Foot: $389
  • Address: 7 Pearl Street, Somerville, MA
  • Market: Somerville, MA

The buyer's representative in this deal was Lin Xu from Dream Realty, while the seller's representative was Rivard Pierre from J. R. Pierre Real Estate.

Players

Lin Xu
7 deals$11.1M volume(617) 214-1355
BROKER

Rivard Pierre
J. R. Pierre Real Estate
1 deal$1.6M volume(617) 625-1193
BROKER

Details

SOLD
IMAGE: Lin Xu DATE: 04/22/2024 ADDRESS: 7 Pearl Street MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: Lin Xu - Dream Realty SELLER'S REP: Rivard Pierre - J. R. Pierre Real Estate SALE PRICE: $1,600,000 UNITS: 3 ~ PPU: $533,333 SF: 4,110 ~ PPSF: $389 NOTE: A three-family home in Sullivan Square, Somerville, sold for $1,600,000, featuring three large identical units with two bedrooms and one bath each, and potential for further customization with separate living and dining areas.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$85,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80