Updated Dec 19, 2023
Berkshire Hathaway HomeServices Acquires Multifamily Property In Belmont, MA For $1.185M
12-14 Skahan Road, Belmont, Massachusetts 02478, United States
$1,185,000
$451/SF
Building Size
2,624 SF
Asset Type
MultiFamily
Closing
Jan 17, 2022
About this deal
AI
The multifamily property located at 12-14 Skahan Rd in Belmont, MA has been sold for a price of $1,185,000. The transaction took place on January 18, 2022. The property spans a total area of 2,624 square feet, resulting in a price per square foot of $452.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,185,000
- Address: 12-14 Skahan Rd, Belmont, MA
- Market: Belmont, MA
The buyer was represented by The Toland Team from Berkshire Hathaway HomeServices Commonwealth Real Estate, while Nancy Grignon, also from Berkshire Hathaway HomeServices Commonwealth Real Estate, acted as the seller's representative in the deal.
Belmont 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
13.39%
Cash-on-Cash
-3.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93