SOLDMultiFamily
Berkshire Hathaway HomeServices Acquires Multifamily Property In Somerville, MA For $1.15M
83-85 Electric Ave, Somerville, Massachusetts, USA
$1,150,000
$329/SF
Building Size
3,494 SF
Asset Type
MultiFamily
Closing
Sep 7, 2021
AI
The multifamily property located at 83-85 Electric Ave in Somerville, MA has been sold for $1,150,000. The property spans 3,494 square feet, resulting in a price per square foot of $329.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 83-85 Electric Ave, Somerville, MA
- Square Footage: 3,494
- Price per Square Foot: $329
The transaction was facilitated by the Ng/Praysman Team from Berkshire Hathaway HomeServices Commonwealth Real Estate.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93