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603-605 Belmont St, Belmont...

Keller Williams Realty Acquires Multifamily Property In Belmont, MA For $1.15M
SOLDMultiFamily

Keller Williams Realty Acquires Multifamily Property In Belmont, MA For $1.15M

603-605 Belmont St, Belmont, MA, USA

$1,155,000

$393/SF

Building Size

2,934 SF

Asset Type

MultiFamily

Closing

Nov 12, 2021

AI

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.

Players

David Hurley

Berkshire Hathaway HomeServices

Broker

$5.1M

vol

4 deals

Broker

Worcester 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

13.73%

Cash-on-Cash

-3.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93