Keller Williams Realty Acquires Multifamily Property In Belmont, MA For $1.15M
SOLD
$1,155,000
Massachusetts
See Similar DealsMultiFamily2,934 SF
Sold 11/12/2021
SOLD
Keller Williams Realty Acquires Multifamily Property In Belmont, MA For $1.15M
603-605 Belmont St, Belmont, MA, USA
See Similar DealsMultiFamily2,934 SF
Sold 11/12/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$393
Total Square Footage:2,934 SF
Transaction Type:Sale
603-605 Belmont St, located in Belmont, MA, has recently been sold in a multifamily transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,155,000
- Square Footage: 2,934
- Price per Square Foot: $394
- Market: Belmont, MA
The buyer's representative in this transaction was the Chris Kostopoulos Group from Keller Williams Realty.
The seller's representative who handled the deal was David Hurley from Berkshire Hathaway HomeServices Commonwealth Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,103.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,475.29
Annual Debt Service$65,703.47
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