facebook
Traded Co logo
Submit
Daily limit: 0/10

Yuan Li Of Yuan's Team Realty Represents Buyer In Belmont Multifamily Sale For $1.36M

Property Image
SOLD
$1,358,000

Massachusetts

See Similar Deals
MultiFamily6,012 SF
Sold 08/16/2024
the dealplayerscompscontact
Property Image
SOLD

Yuan Li Of Yuan's Team Realty Represents Buyer In Belmont Multifamily Sale For $1.36M

73 Elm Street & 75 Elm Street

See Similar Deals
MultiFamily6,012 SF
Sold 08/16/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$225
Total Square Footage:6,012 SF
Transaction Type:Sale

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:

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

Yuan Li
3 deals$4.3M volume
BROKER

Lynn MacDonald
Coldwell Banker
2 deals$2.7M volume
BROKER

Details

SOLD
IMAGE: Yuan Li & Lynn MacDonald DATE: 08/16/2024 ADDRESS: 73-75 Elm Street MARKET: Belmont, MA ASSET TYPE: Multifamily BUYER'S REP: Yuan Li - Yuan's Team Realty SELLER'S REP: Lynn MacDonald - Coldwell Banker (@ColdwellBanker) SALE PRICE: $1,358,000 UNITS: 2 ~ PPU: $679,000 SF: 3,006 ~ PPSF: $452 NOTE: A Miller-style two-family home in Belmont sold for $1.36M, offering 5 beds, 3 baths, and 3,006 sq ft with period details and hardwood floors. The property includes in-unit laundry, a 3rd-floor bedroom with a skylight, and is situated near Grove St park and Fresh Pond Reservoir.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$72,426.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,824.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,437.61
Annual Debt Service$77,251.35