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THE TEAM - Real Estate Advisors Acquires Multifamily Property In Somerville, MA For $2.15M
SOLD
$2,150,000
Massachusetts
See Similar DealsMultiFamily4,000 SF
Sold 12/01/2023
SOLD
THE TEAM - Real Estate Advisors Acquires Multifamily Property In Somerville, MA For $2.15M
8 Waldo Avenue
See Similar DealsMultiFamily4,000 SF
Sold 12/01/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$537
Total Square Footage:4,000 SF
Transaction Type:Sale
A multifamily property located at 8 Waldo Avenue in Somerville, MA, was recently sold for $2,150,000. The property is a 4,000 square feet multifamily asset.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Address: 8 Waldo Avenue, Somerville, MA
- Market: Somerville, MA
The buyer in this transaction was represented by THE TEAM - Real Estate Advisors from Coldwell Banker Realty in Cambridge. The seller, on the other hand, was represented by Christopher Blasczak from Liberty Residential Realty.
Please note that the sale price of $2,150,000 translates to a price per square foot of $538.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16
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