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:
- Property Type: Multifamily
- Transaction Amount: $1,310,000
- Square Footage: 2,714
- Price Per Square Foot: $483
- Address: 84 Lake Street
- Market: Arlington, MA
- Brokers: Khalil Razzaghi & Philip Chaves - Advisors Living
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
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