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78 Chester Road

Updated Dec 4, 2024

Yuan Li & Paul Moreton Handle $1.7M Multifamily Sale In Belmont, MA
SOLDMultiFamily

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

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 $472 per square foot on a published $1.7M for 3,600 square feet (2024).

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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

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