Updated Dec 20, 2023
Dreamhouse Team Phoenix Acquires $1M Somerville Multifamily From Keliher Real Estate
8 Fenwick St, Somerville, Massachusetts 02145, United States
$1,000,000
$426/SF
Building Size
2,345 SF
Asset Type
MultiFamily
Closing
Jan 7, 2022
About this deal
AI
Located at 8-10 Fenwick St in Somerville, MA, this multifamily property was recently sold in a closed transaction. The property spans 2,345 square feet and was listed at a sale price of $1,000,000, resulting in a price per square foot of $426.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 8-10 Fenwick St, Somerville, MA
- Market: Somerville, MA
- Buyer's Rep: Dreamhouse Team Phoenix Real Estate Group, Llc
- Seller's Rep: Patti Donovan - Keliher Real Estate
Patti Donovan from Keliher Real Estate represented the seller in this transaction, while the buyer was represented by the Dreamhouse Team Phoenix Real Estate Group, LLC.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93