SOLDMultiFamily
Laxmi Khanal & Joanne Rodrigues Facilitate $1.27M Sale Of Somerville Multifamily
80 Franklin Street
$1,270,000
$506/SF
Building Size
2,510 SF
Asset Type
MultiFamily
Closing
Mar 27, 2024
AI
A well-maintained three-family property at 80 Franklin St, Somerville, MA, sold for $1,270,000, offering a total of nine bedrooms, three baths, and over 2,510 square feet of living space.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,270,000
- Units: 3
- Price Per Unit: $423,333
- Square Footage: 2,510
- Price Per Square Foot: $506
- Address: 80 Franklin Street
- Market: Somerville, MA
The buyer's representative in this transaction was Laxmi Khanal from Startpoint Realty, while the seller's representative was Joanne Rodrigues from Redfin.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.49%
Cash-on-Cash
-3.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93