Updated Dec 4, 2024
Toland Team Acquires Willow Street Multifamily In Belmont For $1.47M
49 Willow Street
$1,470,000
$548/SF
Building Size
2,680 SF
Asset Type
MultiFamily
Closing
Jul 1, 2024
About this deal
AI
Sold on July 1, 2024, the property at 49 Willow Street in Belmont, Massachusetts 02478 was purchased for $1,470,000. This multifamily asset comprises two units with a total square footage of 2,680. The property boasts separate entrances, spacious living areas with fireplaces, beamed ceilings, hardwood floors, in-unit laundry, and a private patio.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,470,000
- Units: 2
- Price per Unit: $735,000
- Square Footage: 2,680
- Price per Square Foot: $549
- Market: Belmont, MA
The Toland Team from Berkshire Hathaway HomeServices represented the buyer in this transaction, while Wendy Ashford from Ashford Realty served as the seller's representative.
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
10.79%
Cash-on-Cash
-3.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93