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

Property Image
SOLD
$1,270,000

Massachusetts

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MultiFamily2,510 SF
Sold 03/27/2024
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Property Image
SOLD

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

80 Franklin Street

See Similar Deals
MultiFamily2,510 SF
Sold 03/27/2024
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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

Laxmi Khanal
2 deals$3.4M volume
BROKER

Joanne Rodrigues
Redfin
1 deal$1.3M volume(774) 250-3314
BROKER

Details

SOLD
IMAGE: Laxmi Khanal & Joanne Rodrigues DATE: 03/27/2024 ADDRESS: 80 Franklin Street MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: Laxmi Khanal - Startpoint Realty SELLER'S REP: Joanne Rodrigues (@Joanne__Rodrigues) - Redfin (@RedfinRealEstate) SALE PRICE: $1,270,000 UNITS: 3 ~ PPU: $423,333 SF: 2,510 ~ PPSF: $506 NOTE: 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.

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Deal Type
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