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

Property Image
SOLD
$1,000,000

Massachusetts

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Land
Sold 04/22/2024
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Property Image
SOLD

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

Land
Sold 04/22/2024
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Summary

Asset Type:Land
Transaction Type:Sale

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
2 deals$2.5M volume(978) 793-3737
BROKER

Kevin Walsh
EXP Realty
4 deals$1M volume(978) 618-8363
BROKER

Details

SOLD
IMAGE: Kevin Walsh & Karen Neilsen DATE: 04/22/2024 ADDRESS: South Bolton Road, Lot 1-6, MARKET: Bolton, MA ASSET TYPE: Land ~ ACRES: 29.5 BUYER'S REP: Kevin Walsh (@KWalshFineHomes) - EXP Realty (@ExpRealty_) SELLER'S REP: Karen Neilsen - LAER Realty Partners SALE PRICE: $1,000,000 NOTE: A 29.5-acre parcel in Bolton, MA, was sold for $1 million, offering a prime opportunity for builders, developers, and investors to develop a six-lot subdivision pending final approvals.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$53,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12