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South Bolton Road, Lot 1-6,

Kevin Walsh & Karen Neilsen Broker Close $1M Land Sale In Bolton, MA
SOLDLand

Kevin Walsh & Karen Neilsen Broker Close $1M Land Sale In Bolton, MA

$1,000,000

Building Size

Asset Type

Land

Closing

Apr 22, 2024

AI

A 29.5-acre parcel located on South Bolton Road in Bolton, MA, was recently sold for $1 million. This expansive piece of land presents a prime opportunity for builders, developers, and investors, as it is set to be developed into a six-lot subdivision, pending final approvals.

Summary of transaction details:

The deal was facilitated by Kevin Walsh from EXP Realty, who represented the buyer, and Karen Neilsen from LAER Realty Partners, who served as the seller's representative, ensuring a successful transaction between both parties.

Players

Karen Neilsen

LAER Realty Partners

Broker

$2.5M

vol

2 deals

Broker

Market Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93