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Cameron Pomer & Lori Orchanian Of Coldwell Banker Sell Belmont Multifamily For $2.35M

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SOLD
$2,350,000

Massachusetts

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MultiFamily4,628 SF
Sold 05/29/2024
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Property Image
SOLD

Cameron Pomer & Lori Orchanian Of Coldwell Banker Sell Belmont Multifamily For $2.35M

54 Hamilton Road belmont & 56 Hamilton Road

See Similar Deals
MultiFamily4,628 SF
Sold 05/29/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$507
Total Square Footage:4,628 SF
Transaction Type:Sale

A 2-family home along with two additional lots sold for $2.35 million in Belmont, MA. The property, located at 54-56 Hamilton Rd., comprises 2 units with a total square footage of 2,314. The price per unit was $1,175,000, and the price per square foot was $1,016.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,350,000
  • Units: 2
  • Square Footage: 2,314
  • Price Per Unit: $1,175,000
  • Price Per Square Foot: $1,016
  • Address: 54-56 Hamilton Road, Belmont, MA
  • Market: Belmont, MA

The sale of the property was facilitated by Cameron Pomer and Lori Orchanian from Coldwell Banker. They represented the parties involved in the transaction, providing their expertise in the Belmont, MA market.

Players

Lori Orchanian
6 deals$10.5M volume
BROKER

Cameron Pomer
Coldwell Banker
1 deal$2.4M volume(617) 610-9521
BROKER

Details

SOLD
IMAGE: Cameron Pomer & Lori Orchania DATE: 05/29/2024 ADDRESS: 54-56 Hamilton Road MARKET: Belmont, MA ASSET TYPE: Multifamily BROKERS: Cameron Pomer (@CameronPomer) & Lori Orchanian (@LoriOrchanian) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $2,350,000 UNITS: 2 ~ PPU: $1,175,000 SF: 2,314 ~ PPSF: $1,016 NOTE: A 2-family home along with two additional lots sold for $2.35 million in Belmont, MA. The property, located at 54-56 Hamilton Rd., presents various possibilities, including close proximity to Cambridge, public transportation, Belmont Schools, and other amenities.

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

$125,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39