Updated Dec 4, 2024
Diane C Salter & Mark K Halloran Broker $1.251M Falmouth Multifamily Sale
26 Meribah Lane
$1,251,000
$652/SF
Building Size
1,918 SF
Asset Type
MultiFamily
Closing
Apr 16, 2024
About this deal
AI
26 Meribah Ln in Falmouth, MA sold for $1.251 million, featuring a two-family duplex with two side-by-side units, each comprising two bedrooms and one bath. The property boasts amenities including a large deck and heated three-season porch. The asset spans 1,918 square feet and was sold for $652 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,251,000
- Units: 2
- Price Per Unit: $625,500
- Square Footage: 1,918
- Market: Falmouth, MA
- Buyer's Rep: Diane C Salter - Vincent Associates
- Seller's Rep: Mark K Halloran - Weichert Realtors
The transaction was facilitated with Diane C Salter from Vincent Associates representing the buyer and Mark K Halloran from Weichert Realtors representing the seller.
Players
Falmouth 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
12.68%
Cash-on-Cash
-3.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93