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Advisors Living Represents Buyer In $1.205M Sale Of Multifamily Property In Arlington
SOLD
Massachusetts
See Similar DealsMultiFamily3,080 SF
Sold 10/16/2023
SOLD
Advisors Living Represents Buyer In $1.205M Sale Of Multifamily Property In Arlington
6-8 Belton Street
See Similar DealsMultiFamily3,080 SF
Sold 10/16/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$391
Total Square Footage:3,080 SF
Transaction Type:Sale
In Arlington, Massachusetts, a multifamily property located at 6-8 Belton Street was sold for a total price of $1.205 million. This property spans a total area of 3,080 square feet, resulting in a price per square foot of $391.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,205,000
- Address: 6-8 Belton Street
- Market: Arlington, MA
The buyer's representative in this deal was Philip Chaves from Advisors Living, while Janet Halloran from Remax Destiny represented the seller. Both parties played crucial roles in negotiating and finalizing the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,281.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,712.31
Annual Debt Service$68,547.78
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