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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.

On the Map

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$1,700,000

$472/SF

MultiFamily

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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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