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.
On the Map
$1,700,000
$472/SF
MultiFamily
View full map
Players
Belmont MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Paul Moreton to view all their deals.
Browse Belmont multifamily sales on Traded.
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