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
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