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41 Unity Ave, Belmont, Mass...

Coldwell Banker Realty Acquires Multifamily Property In Belmont, MA For $1.225M
SOLDMultiFamily

Coldwell Banker Realty Acquires Multifamily Property In Belmont, MA For $1.225M

41 Unity Ave, Belmont, Massachusetts, USA

$1,225,000

$448/SF

Building Size

2,731 SF

Asset Type

MultiFamily

Closing

May 21, 2020

AI

Located at 41 Unity Ave in Belmont, MA, this multifamily property was recently sold for an impressive price of $1,225,000. Spanning across 2,731 square feet, the property offers a spacious living space for its future residents. With a price per square foot of $449, it presents a valuable investment opportunity in the Belmont market.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $1,225,000
  • Address: 41 Unity Ave
  • Market: Belmont, MA

The deal was facilitated by Terry McCarthy and Martha Delaney of Coldwell Banker Realty - Belmont. With their expertise and guidance, the buyer and seller came to a successful agreement, ensuring a smooth transaction process.

Players

Martha Delaney

Coldwell Banker

Broker

$3.6M

vol

3 deals

Broker

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

12.95%

Cash-on-Cash

-3.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93