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
$1,260,000
$505/SF
Building Size
2,493 SF
Asset Type
MultiFamily
Closing
Apr 14, 2022
AI
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
Vineyard Haven 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
12.59%
Cash-on-Cash
-3.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93