Updated Dec 20, 2023
Brendon & Ashley Kellner Acquire Multifamily In Somerville For $1.15M
90 Glenwood Rd, Somerville, MA 02145, USA
$1,155,000
$39/SF
Building Size
29,210 SF
Asset Type
MultiFamily
Closing
Mar 3, 2020
About this deal
AI
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
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
13.73%
Cash-on-Cash
-3.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93