Keller Williams Realty Acquires Belmont, MA Multifamily For $1.4M With Reps Jamie Venezia & Michael Spurr
583-585 School St, Belmont, Massachusetts, USA
$1,399,999
$623/SF
Building Size
2,244 SF
Asset Type
MultiFamily
Closing
May 2, 2021
AI
A multifamily property located at 583-585 School St in Belmont, MA was recently sold for $1,399,999. The property spans 2,244 square feet, resulting in a price per square foot of $624.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,399,999
- Address: 583-585 School St, Belmont, MA
- Market: Belmont, MA
The seller's representative, Jamie Venezia of Delaney & Venezia Inc., and the buyer's representative, Michael Spurr of Keller Williams Realty, handled the transaction.
Players
Belmont MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93