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Belmont Multifamily Sells For $1.27M With Buyer's Rep Maggie Dee & Seller's Rep Barber Real Estate Group

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SOLD
$1,274,000

Massachusetts

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MultiFamily3,000 SF
Sold 04/12/2021
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Property Image
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 Deals
MultiFamily3,000 SF
Sold 04/12/2021
Contact now

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.

Players

Maggie Dee
5 deals$9.4M volume
BROKER

Details

SOLD
IMAGE: Maggie Dee DATE: 04/12/2021 ADDRESS: 67-69 Dalton Rd MARKET: Belmont, MA ASSET TYPE: Multifamily SELLER'S REP: Barber Real Estate Group - William Raveis R.E. & Home Services BUYER'S REP: Maggie Dee - Compass SALE PRICE: $1,274,000 SF: 3,000 ~ PPSF: $425

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Deal Type
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