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Amanda & Norman O'Grady Sell Belmont Multifamily Property For $1.35M

Property Image
SOLD
$1,350,000
Norman O'Grady
Amanda O'grady

Massachusetts

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MultiFamily3,034 SF
Sold 06/18/2024
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Property Image
SOLD

Amanda & Norman O'Grady Sell Belmont Multifamily Property For $1.35M

66-68 Sycamore Street

See Similar Deals
MultiFamily3,034 SF
Sold 06/18/2024
Norman O'Grady
Amanda O'grady
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$445
Total Square Footage:3,034 SF
Transaction Type:Sale

The multifamily property located at 66-68 Sycamore Street in Belmont, MA, was sold for $1.35 million. This two-family home near Waverly Square offers a total of 2 units, with a spacious interior spanning 3,034 square feet. The price per unit for this property is $675,000, and the price per square foot is $445.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Address: 66-68 Sycamore Street
  • Market: Belmont, MA
  • Units: 2
  • Square Footage: 3,034
  • Price per Unit: $675,000
  • Price per Square Foot: $445
  • Brokers: Amanda O'Grady & Norman O'Grady -Prime Realty Group

Amanda O'Grady and Norman O'Grady from Prime Realty Group served as the brokers in this transaction. The property was an ideal choice for remote work, situated in a convenient location near Waverly Square in Belmont, MA.

Players

Norman O'Grady
Prime Realty Group
Norman O'Grady
3 deals$3.7M volume
BROKER
Amanda O'grady
Prime Realty Group
Amanda O'grady
1 deal$1.4M volume(617) 259-8847
BROKER

Details

SOLD
IMAGE: Amanda O'Grady & Norman O'Grady DATE: 06/18/2024 ADDRESS: 66-68 Sycamore Street MARKET: Belmont, MA ASSET TYPE: Multifamily BROKERS: Amanda O'Grady (@SherunSonRealEstate) & Norman O'Grady (@NormanGetsResults) - Prime Realty Group SALE PRICE: $1,350,000 UNITS: 2 ~ PPU: $675,000 SF: 3,034 ~ PPSF: $445 NOTE: 66-68 Sycamore St in Belmont, MA, sold for $1.35 million, featuring a spacious two-family home near Waverly Square ideal for remote work.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$72,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26