Updated Dec 4, 2024
Yuan Li & Paul Moreton Handle $1.7M Multifamily Sale In Belmont, MA
78 Chester Road
$1,700,000
$472/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
May 15, 2024
About this deal
AI
The multi-family property at 78 Chester Rd in Belmont, MA 02478 was recently sold for $1,700,000. This property features a total of 6 bedrooms, 3 bathrooms, and spans across 3,600 square feet. It consists of a 4-bedroom, 2-bathroom owner's unit on the 2nd and 3rd floors, equipped with in-unit laundry, as well as a 2-bedroom, 1-bathroom rental unit on the 1st floor.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Units: 2
- Price Per Unit: $850,000
- Square Footage: 3,600
- Price Per Square Foot: $472
- Address: 78 Chester Road, Belmont, MA
- Market: Belmont, MA
The buyer's representative in this transaction was Yuan Li from Yuan's Team Realty, while the seller's representative was Paul Moreton from Real Estate 109.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93