Updated Dec 4, 2024
Multifamily Property In Belmont, MA Sells For $1.06M With Coldwell Banker's Gary J. Vrotsos
39-41 Upland Road
$1,060,000
$463/SF
Building Size
2,288 SF
Asset Type
MultiFamily
Closing
Dec 29, 2023
About this deal
AI
A multifamily property located at 39-41 Upland Road in Belmont, MA, has been sold for $1.06 million. The transaction was facilitated by broker Gary J. Vrotsos of Coldwell Banker. The property spans across 2,288 square feet, resulting in a price per square foot of $463.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,060,000
- Address: 39-41 Upland Road, Belmont, MA
- Market: Belmont, MA
- Broker: Gary J. Vrotsos - Coldwell Banker
The sale of the multifamily property at 39-41 Upland Road in Belmont, MA, for $1.06 million was successfully executed with the assistance of Gary J. Vrotsos, the broker from Coldwell Banker.
Players
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
14.97%
Cash-on-Cash
-4.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93