Updated Dec 4, 2024
Yuan Li Of Yuan's Team Realty Represents Buyer In Belmont Multifamily Sale For $1.36M
73 Elm Street & 75 Elm Street
$1,358,000
$225/SF
Building Size
3,006 SF
Asset Type
MultiFamily
Closing
Aug 16, 2024
About this deal
AI
A Miller-style two-family home located at 73-75 Elm Street in Belmont, MA has been sold as a multifamily asset for $1,358,000. The property features a total of 3,006 square feet, which is divided into two units, resulting in a price per unit of $679,000 and a price per square foot of $452. The home includes five bedrooms and three bathrooms with additional amenities such as in-unit laundry and a third-floor bedroom equipped with a skylight. Notably, it is situated near Grove St park and Fresh Pond Reservoir.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,358,000
- Units: 2
- PPU: $679,000
- SF: 3,006
- PPSF: $452
- Buyer's Representative: Yuan Li - Yuan's Team Realty
- Seller's Representative: Lynn MacDonald - Coldwell Banker
The transaction involved Yuan Li representing the buyer and Lynn MacDonald representing the seller, emphasizing their roles in facilitating the deal. The collaboration of these real estate professionals contributed to the successful completion of the sale of this multifamily property.
Players
Belmont MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.68%
Cash-on-Cash
-3.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93