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Chaplin Partners Represents Buyer In $1.95M Sale Of 1.24 Acre MultiFamily In Weston, MA

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SOLD
$1,950,000

Massachusetts

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MultiFamily
Sold 08/08/2024
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Property Image
SOLD

Chaplin Partners Represents Buyer In $1.95M Sale Of 1.24 Acre MultiFamily In Weston, MA

45 Chiltern Road

See Similar Deals
MultiFamily
Sold 08/08/2024
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

This multi-family property, located at 45 Chiltern Road in Weston, MA, comprises 1.24 acres. The transaction closed at a sale price of $1,950,000. The wooded lot is situated on Weston's South Side, near multimillion-dollar homes. It features a new 5-bedroom septic system and is conveniently close to top schools, the Mass Pike, and the Wellesley Farms Train Station.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,950,000
  • Address: 45 Chiltern Road
  • Market: Weston, MA
  • Acres: 1.24
  • Buyer's Representative: Chaplin Partners - Compass
  • Seller's Representative: Melissa Dailey - Coldwell Banker

The transaction involved Chaplin Partners representing the buyer and Melissa Dailey from Coldwell Banker representing the seller, facilitating the successful sale of the property without any additional financing details. This deal highlights the collaboration between the involved brokerage firms for this notable property transaction.

Players

Melissa Dailey
Coldwell Banker
Melissa Dailey
7 deals$22.2M volume
BROKER

Details

SOLD
IMAGE: Melissa Dailey DATE: 08/08/2024 ADDRESS: 45 Chiltern Road MARKET: Weston, MA ASSET TYPE: MultiFamily ~ ACRES: 1.24 BUYER'S REP: Chaplin Partners - Compass (@Compass) SELLER'S REP: Melissa Dailey (@MelissaDaileyHomes) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $1,950,000 NOTE: Sold for $1.95M, this 1.24-acre wooded lot offers a prime location on Weston's South Side, surrounded by multimillion-dollar homes. Features include a new 5-bedroom septic system, close proximity to top schools, the Mass Pike, and Wellesley Farms Train Station.

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

$103,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94