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6-8 Belton Street

Advisors Living Represents Buyer In $1.205M Sale Of Multifamily Property In Arlington
SOLDMultiFamily

Advisors Living Represents Buyer In $1.205M Sale Of Multifamily Property In Arlington

6-8 Belton Street

$1,205,000

$391/SF

Building Size

3,080 SF

Asset Type

MultiFamily

Closing

Oct 16, 2023

AI

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.

Players

Philip Chaves

Advisors Living

Broker

$10.5M

vol

8 deals

Broker

Arlington 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

13.16%

Cash-on-Cash

-3.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93