The Synergy Group Acquires Multifamily Property In Somerville For $1.17M
SOLD
$1,170,000
Massachusetts
See Similar DealsMultiFamily2,351 SF
Sold 06/04/2020
SOLD
The Synergy Group Acquires Multifamily Property In Somerville For $1.17M
76 Prichard Avenue, Somerville, MA 02144, USA
See Similar DealsMultiFamily2,351 SF
Sold 06/04/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$497
Total Square Footage:2,351 SF
Transaction Type:Sale
Located at 76 Prichard Ave in Somerville, MA, this multifamily property was recently sold for a price of $1,170,000. The property spans 2,351 square feet, resulting in a price per square foot of $498.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,170,000
- Address: 76 Prichard Ave
- Market: Somerville, MA
The seller's representative for this transaction was Kim Covino from Compass, while the buyer's representative was The Synergy Group from Leading Edge Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,156.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,546.40
Annual Debt Service$66,556.76
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