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Mario Pavli Of Boston Advanced Realty Represents Buyer In $1.125M Multifamily Sale In Somerville

Property Image
SOLD
$1,125,000
Joseph Cirrone
Mario Pavli

Massachusetts

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MultiFamily2,138 SF
Sold 07/19/2024
the dealplayerscompscontact
Property Image
SOLD

Mario Pavli Of Boston Advanced Realty Represents Buyer In $1.125M Multifamily Sale In Somerville

74 Woods Avenue

See Similar Deals
MultiFamily2,138 SF
Sold 07/19/2024
Joseph Cirrone
Mario Pavli
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$526
Total Square Footage:2,138 SF
Transaction Type:Sale

This multifamily property, located at 74 Woods Avenue in Somerville, MA, was sold for $1,125,000. Featuring 2,138 square feet, the asset consists of two units, providing a price per unit of $562,500 and a price per square foot of $526.

Summary of transation details:

The transaction involved notable representatives in the real estate market. Mario Pavli, from Boston Advanced Realty, represented the buyer, while Joseph Cirrone of Advisors Living represented the seller in this deal.

Players

Joseph Cirrone
Advisors Living
Joseph Cirrone
2 deals$2.3M volume(617) 968-8675
BROKER
Mario Pavli
Boston Advanced Realty
Mario Pavli
1 deal$1.1M volume(857) 334-5827
BROKER

Details

SOLD
IMAGE: Mario Pavli & Joseph Cirrone DATE: 07/19/2024 ADDRESS: 74 Woods Avenue MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: Mario Pavli - Boston Advanced Realty SELLER'S REP: Joseph Cirrone (@JoeCirrone) - Advisors Living (@AdvisorsLiving) SALE PRICE: $1,125,000 UNITS: 2 ~ PPU: $562,500 SF: 2,138 ~ PPSF: $526 NOTE: $1.125M for a two-family home near Tufts University and major transit options. Each unit has spacious rooms, hardwood floors, and access to porches and a private backyard, plus off-street parking for two cars.

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

$60,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,996.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,333.07
Annual Debt Service$63,996.89