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

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SOLD
$1,225,000

Massachusetts

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MultiFamily2,731 SF
Sold 05/21/2020
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Property Image
SOLD

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

41 Unity Ave, Belmont, Massachusetts, USA

See Similar Deals
MultiFamily2,731 SF
Sold 05/21/2020
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$448
Total Square Footage:2,731 SF
Transaction Type:Sale

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
3 deals$3.6M volume
BROKER

Terry McCarthy
Coldwell Banker
2 deals$3.2M volume
BROKER

Details

SOLD
IMAGE: Martha Delaney & Terry McCarthy DATE: 05/21/2021 ADDRESS: 41 Unity Ave MARKET: Belmont, MA ASSET TYPE: Multifamily BROKERS: Terry McCarthy & Martha Delaney - Coldwell Banker Realty - Belmont SALE PRICE: $1,225,000 SF: 2,731 ~ PPSF: $449

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

$65,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,352.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,807.12
Annual Debt Service$69,685.50