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84 Lake Street

84 Lake Street Multifamily In Arlington Sold For $1.31M With Brokers Khalil Razzaghi & Philip Chaves
SOLDMultiFamily

84 Lake Street Multifamily In Arlington Sold For $1.31M With Brokers Khalil Razzaghi & Philip Chaves

84 Lake Street

$1,310,000

$482/SF

Building Size

2,714 SF

Asset Type

MultiFamily

Closing

Jun 26, 2024

AI

A multifamily asset located at 84 Lake Street in Arlington, MA, was sold for $1,310,000. The property spans 2,714 square feet and is characterized by its 4 bedrooms and 2 bathrooms. It was originally built in 1926 and underwent renovation in 1959, showcasing various features such as fireplaces, sunrooms, and an enclosed porch, all situated on a spacious lot that includes a 2-car garage and ample parking.

Summary of transaction details:

This transaction involved the representation of the seller by brokers Khalil Razzaghi and Philip Chaves from Advisors Living, key individuals facilitating the deal and ensuring a successful transaction process.

Players

Philip Chaves

Advisors Living

Broker

$10.5M

vol

8 deals

Broker

Arlington 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

12.11%

Cash-on-Cash

-3.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93