Brendon & Ashley Kellner Acquire Multifamily In Somerville For $1.15M
SOLD
$1,155,000
Massachusetts
See Similar DealsMultiFamily29,210 SF
Sold 03/04/2020
SOLD
Brendon & Ashley Kellner Acquire Multifamily In Somerville For $1.15M
90 Glenwood Rd, Somerville, MA 02145, USA
See Similar DealsMultiFamily29,210 SF
Sold 03/04/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$39
Total Square Footage:29,210 SF
Transaction Type:Sale
A multifamily property at 90 Glenwood Road in Somerville has been sold for $1,155,000. The property spans 2,921 square feet, with a price per square foot of $395. It consists of two units, with a price per unit of $577,500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,155,000
- Square Footage: 2,921
- Price per Square Foot: $395
- Number of Units: 2
- Price per Unit: $577,500
The seller of the property was Carlos & Irene Carvalho, while the buyers were Brendon & Ashley Kellner. Soraya Abreu from Leading Edge Real Estate represented the parties involved in the transaction.
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)
$61,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,103.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,475.29
Annual Debt Service$65,703.47
Is there something missing? Send suggestions