Redfin Corp. Acquires Multifamily Property In Belmont, MA
SOLD
$1,350,000
Massachusetts
See Similar DealsMultiFamily2,915 SF
Sold 02/24/2022
SOLD
Redfin Corp. Acquires Multifamily Property In Belmont, MA
25 Clyde Street, Belmont, Massachusetts 02478, United States
See Similar DealsMultiFamily2,915 SF
Sold 02/24/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$463
Total Square Footage:2,915 SF
Transaction Type:Sale
A multifamily property located at 23-25 Clyde St in Belmont, MA has been sold for $1,350,000. The property spans 2,915 square feet, resulting in a price per square foot of $463.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 23-25 Clyde St, Belmont, MA
- Market: Belmont, MA
The buyer of the property was represented by Ying Chen from Redfin Corp, while the seller was represented by the Mike DelRose Team from Re/Max Revolution.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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