Compass Brokers Sell Belmont, MA Multifamily Property For $1.3M
SOLD
$1,294,000
Massachusetts
See Similar DealsMultiFamily3,694 SF
Sold 02/04/2021
SOLD
Compass Brokers Sell Belmont, MA Multifamily Property For $1.3M
25-29 Park Road, Belmont, Massachusetts, USA
See Similar DealsMultiFamily3,694 SF
Sold 02/04/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$350
Total Square Footage:3,694 SF
Transaction Type:Sale
The multifamily property located at 25-29 Park Road in Belmont, MA has been sold for a price of $1,294,000. The property spans across 3,694 square feet, resulting in a price per square foot of $350.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,294,000
- Address: 25-29 Park Road, Belmont, MA
- Market: Belmont, MA
The sale of this property was facilitated by Maggie Currier, Spencer Lane, and Chris Young from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,013.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,597.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,134.22
Annual Debt Service$73,610.64
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