Belmont Multifamily Sells For $1.27M With Buyer's Rep Maggie Dee & Seller's Rep Barber Real Estate Group
SOLD
$1,274,000
Massachusetts
See Similar DealsMultiFamily3,000 SF
Sold 04/12/2021
SOLD
Belmont Multifamily Sells For $1.27M With Buyer's Rep Maggie Dee & Seller's Rep Barber Real Estate Group
67-69 Dalton Rd, Belmont, Massachusetts, USA
See Similar DealsMultiFamily3,000 SF
Sold 04/12/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$424
Total Square Footage:3,000 SF
Transaction Type:Sale
Located in Belmont, MA, the multifamily property at 67-69 Dalton Rd recently changed hands in a closed transaction. The property, spanning approximately 3,000 square feet, was sold for a total of $1,274,000, resulting in a price per square foot of $425.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,274,000
- Address: 67-69 Dalton Rd, Belmont, MA
- Market: Belmont, MA
Representing the seller was Barber Real Estate Group from William Raveis R.E. & Home Services, while the buyer was represented by Maggie Dee from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,946.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,526.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,039.41
Annual Debt Service$72,472.92
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