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Compass Group Acquires Multifamily Property On Harding Ave In Belmont For $1.4M

Property Image
SOLD
$1,425,000

Massachusetts

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MultiFamily3,500 SF
Sold 11/19/2021
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Property Image
SOLD

Compass Group Acquires Multifamily Property On Harding Ave In Belmont For $1.4M

33-35 Harding Avenue, Belmont, MA, USA

See Similar Deals
MultiFamily3,500 SF
Sold 11/19/2021
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$407
Total Square Footage:3,500 SF
Transaction Type:Sale

Located at 33-35 Harding Ave in Belmont, MA, this multifamily property was recently sold. The transaction was facilitated by Lori Orchanian from Coldwell Banker Realty-Belmont, representing the seller, and The Lorrie Parajeckas Group from Compass, representing the buyer.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $1,425,000
  • Square Footage: 3,500
  • Price per Square Foot: $407
  • Market: Belmont, MA

The property, captured in the image by Lori Orchanian, exhibits its value through its impressive features and attractive sale price. With a total square footage of 3,500, this multifamily asset is situated in the desirable market of Belmont, MA. The sale price of $1,425,000 equates to a price per square foot of $407, reflecting the value of the property in the current market.

During the transaction, Lori Orchanian from Coldwell Banker Realty-Belmont represented the seller, while The Lorrie Parajeckas Group from Compass acted as the buyer's representative. Their expertise and negotiation skills contributed to the successful completion of the deal.

Players

Lori Orchanian
6 deals$10.5M volume
BROKER

Details

SOLD
IMAGE: Lori Orchanian DATE: 11/19/2021 ADDRESS: 33-35 Harding Ave MARKET: Belmont, MA ASSET TYPE: Multifamily SELLER'S REP: Lori Orchanian - Coldwell Banker Realty-Belmont BUYER'S REP: The Lorrie Parajeckas Group - Compass SALE PRICE: $1,425,000 SF: 3,500 ~ PPSF: $407

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

$76,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,062.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,755.23
Annual Debt Service$81,062.72