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Andrew Junas Of Redfin Represents Buyer In $1.22M Belmont Multifamily Sale

Property Image
SOLD
$1,220,000

Massachusetts

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MultiFamily2,592 SF
Sold 06/06/2024
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Property Image
SOLD

Andrew Junas Of Redfin Represents Buyer In $1.22M Belmont Multifamily Sale

5-7 Pearl Street

See Similar Deals
MultiFamily2,592 SF
Sold 06/06/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$470
Total Square Footage:2,592 SF
Transaction Type:Sale

Located at 5-7 Pearl Street in Belmont, MA, this multifamily property was sold for $1,220,000. The property offers a prime location just 1/2 mile from Waverley Station, making it ideal for commuters. The versatile 2-family home features 5 bedrooms, 2 bathrooms, and separate systems/utilities for each unit. It includes renovated kitchens, antique pine floors, and ample storage space.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,220,000
  • Units: 2
  • Price Per Unit: $610,000
  • Square Footage: 2,592
  • Price Per Square Foot: $471
  • Address: 5-7 Pearl Street
  • Market: Belmont, MA

Andrew Junas of Redfin represented the buyer in the transaction, while Vita Realty Group of Compass represented the seller. The deal involved key individuals and companies crucial to the successful sale of the property.

Players

Andrew Junas
2 deals$3.4M volume
BROKER

Details

SOLD
IMAGE: Andrew Junas DATE: 06/06/2024 ADDRESS: 5-7 Pearl Street MARKET: Belmont, MA ASSET TYPE: Multifamily BUYER'S REP: Andrew Junas - Redfin (@RedfinRealEstate) SELLER'S REP: Vita Realty Group - Compass (@Compass) SALE PRICE: $1,220,000 UNITS: 2 ~ PPU: $610,000 SF: 2,592 ~ PPSF: $471 NOTE: 5-7 Pearl Street in Belmont, MA, sold for $1,220,000, offering a prime location just 1/2 mile from Waverley Station, ideal for commuters. This versatile 2-family home features 5 bedrooms, 2 bathrooms, and separate systems/utilities for each unit, along with renovated kitchens, antique pine floors, and ample storage.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$4,334.41
Cash-on-Cash Return-1.27%
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