Yuan Li's Team Realty Acquires Multifamily Property In Belmont, MA For $1,208,000
SOLD
$1,208,000
Massachusetts
See Similar DealsMultiFamily2,354 SF
Sold 02/18/2021
SOLD
Yuan Li's Team Realty Acquires Multifamily Property In Belmont, MA For $1,208,000
88-90 Creeley Road, Belmont, Massachusetts, USA
See Similar DealsMultiFamily2,354 SF
Sold 02/18/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$513
Total Square Footage:2,354 SF
Transaction Type:Sale
Located at 88-90 Creeley Road in Belmont, MA, this multifamily property was recently sold for a total price of $1,208,000. With a square footage of 2,354, the price per square foot comes to $513. The transaction took place on February 18, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,208,000
- Square Footage: 2,354
- Price per Square Foot: $513
- Market: Belmont, MA
The seller's representative in this deal was Team Suzanne & Company from Compass. On the buyer's side, Yuan Li represented Yuan's Team Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,426.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,291.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,726.54
Annual Debt Service$68,718.44
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