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Portfolio Real Estate Inc. Acquires Vineyard Haven Multifamily For $1.26M With Buyer's Rep Leslie C. Floyd & Seller's Rep Tina Miller

Property Image
SOLD
$1,260,000

Massachusetts

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MultiFamily2,493 SF
Sold 04/15/2022
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Property Image
SOLD

Portfolio Real Estate Inc. Acquires Vineyard Haven Multifamily For $1.26M With Buyer's Rep Leslie C. Floyd & Seller's Rep Tina Miller

129 Canterbury Lane, Vineyard Haven, Massachusetts 02568, United States

See Similar Deals
MultiFamily2,493 SF
Sold 04/15/2022
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$505
Total Square Footage:2,493 SF
Transaction Type:Sale

The multifamily property located at 129 Canterbury Ln in Vineyard Haven, MA has been sold in a recent transaction. The property spans 2,493 square feet and was sold for a price of $1,260,000, resulting in a price per square foot of $505.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,260,000
  • Address: 129 Canterbury Ln
  • Market: Vineyard Haven, MA
  • Buyer's Rep: Leslie C. Floyd - Portfolio Real Estate Inc.
  • Seller's Rep: Tina Miller - Point B Realty

Leslie C. Floyd, representing Portfolio Real Estate Inc., acted as the buyer's representative in this transaction. Tina Miller, from Point B Realty, represented the seller. This successful sale showcases the expertise and professionalism of both individuals in facilitating the deal.

Players

2 deals$4.6M volume
BROKER

Details

SOLD
IMAGE: Leslie C. Floyd & Tina Miller DATE: 04/15/2022 ADDRESS: 129 Canterbury Ln MARKET: Vineyard Haven, MA ASSET TYPE: Multifamily BUYER'S REP: Leslie C. Floyd - Portfolio Real Estate Inc. SELLER'S REP: Tina Miller - Point B Realty SALE PRICE: $1,260,000 SF: 2,493 ~ PPSF: $505

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

$67,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,476.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,973.04
Annual Debt Service$71,676.51