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73 Elm Street

Updated Dec 4, 2024

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

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:

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

Yuan's Team Realty

Broker

$4.3M

vol

3 deals

Broker

Belmont MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $225 per square foot on a published $1.4M for 6,012 square feet (2024).

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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

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