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

Property Image
SOLD
$1,310,000

Massachusetts

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MultiFamily2,714 SF
Sold 06/26/2024
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Property Image
SOLD

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

84 Lake Street

See Similar Deals
MultiFamily2,714 SF
Sold 06/26/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$482
Total Square Footage:2,714 SF
Transaction Type:Sale

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
8 deals$10.5M volume
BROKER

Khalil Razzaghi
Advisors Living
1 deal$1.3M volume(978) 884-5248
BROKER

Details

SOLD
IMAGE: Khalil Razzaghi & Philip Chave DATE: 06/26/2024 ADDRESS: 84 Lake Street MARKET: Arlington, MA ASSET TYPE: Multifamily BROKERS: Khalil Razzaghi (@Khalil_Razzaghi_Homes) & Philip Chaves - Advisors Living (@AdvisorsLiving) SALE PRICE: $1,310,000 SF: 2,714 ~ PPSF: $483 NOTE: A charming Hardy School gem at 84 Lake St in Arlington, MA, sold for $1.31 million, featuring 4 bedrooms and 2 baths spread over its 2,714 sq ft layout. Built in 1926 and renovated in 1959, the property boasts character-rich details including fireplaces, sunrooms, and an enclosed porch, set on a picturesque lot with a 2-car garage and ample parking.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$69,866.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,654.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,210.07
Annual Debt Service$74,520.82