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80 Franklin Street

Laxmi Khanal & Joanne Rodrigues Facilitate $1.27M Sale Of Somerville Multifamily
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

Laxmi Khanal

StartPoint Realty

Broker

$3.4M

vol

2 deals

Broker

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