Daily limit: 0/10
Laxmi Khanal & Joanne Rodrigues Facilitate $1.27M Sale Of Somerville Multifamily
SOLD
Massachusetts
See Similar DealsMultiFamily2,510 SF
Sold 03/27/2024
SOLD
Laxmi Khanal & Joanne Rodrigues Facilitate $1.27M Sale Of Somerville Multifamily
80 Franklin Street
See Similar DealsMultiFamily2,510 SF
Sold 03/27/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$506
Total Square Footage:2,510 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,512.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,020.45
Annual Debt Service$72,245.38
Is there something missing? Send suggestions