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
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