8 Craigie St

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8 Craigie St

Somerville, MA 02143
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Somerville, Massachusetts
  • Facility comprises a total of 21 residential units
  • Asset situated in a dense, high-demand Greater Boston submarket
  • Proximity to major regional employment and academic hubs
  • Strategically positioned within the established Somerville residential corridor

What's Special

Investors seeking to expand their residential holdings in the Greater Boston area will find 8 Craigie St an efficient addition to a multifamily portfolio. This apartment building contains 21 units and sits within the dense urban fabric of Somerville, Massachusetts. The property benefits from its proximity to major academic institutions and the ongoing transit infrastructure improvements characterizing this region. As a mature suburban market with high demand for rental housing, Somerville maintains a consistent tenant base composed of students, faculty, and working professionals. Management of an asset of this scale allows for various operational strategies focused on long-term value preservation or unit modernization. The location offers excellent connectivity to the wider Cambridge and Boston employment hubs, reinforcing the demand for well-maintained residential stock. This asset represents a functional vehicle for capital deployment in a high-barrier-to-entry market where multi-unit residential properties remain a fundamental component of the local real estate landscape.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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