Berkshire Hathaway HomeServices Acquires Belmont Multifamily For $1.065M
SOLD
$1,065,000
Massachusetts
See Similar DealsMultiFamily2,564 SF
Sold 03/10/2021
SOLD
Berkshire Hathaway HomeServices Acquires Belmont Multifamily For $1.065M
219-221 Trapelo Road, Belmont, MA, USA
See Similar DealsMultiFamily2,564 SF
Sold 03/10/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$415
Total Square Footage:2,564 SF
Transaction Type:Sale
A multifamily property located at 219-221 Trapelo Road in Belmont, MA has been sold for a price of $1,065,000. The property spans over 2,564 square feet, resulting in a price per square foot of $415.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,065,000
- Square Footage: 2,564
- Price Per Square Foot: $415
- Location: 219-221 Trapelo Road, Belmont, MA
The seller's representative in this transaction was Ari Koufos from Realty Executives. On the other hand, the buyer's representative was David Hurley from Berkshire Hathaway HomeServices Commonwealth Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$56,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,783.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,048.64
Annual Debt Service$60,583.72
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