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Diane C Salter & Mark K Halloran Broker $1.251M Falmouth Multifamily Sale

Property Image
SOLD
$1,251,000
Mark K Halloran
Diane C Salter

Massachusetts

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MultiFamily1,918 SF
Sold 04/16/2024
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Property Image
SOLD

Diane C Salter & Mark K Halloran Broker $1.251M Falmouth Multifamily Sale

26 Meribah Lane

See Similar Deals
MultiFamily1,918 SF
Sold 04/16/2024
Mark K Halloran
Diane C Salter
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$652
Total Square Footage:1,918 SF
Transaction Type:Sale

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:

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

Mark K Halloran
Weichert Realtors
Mark K Halloran
2 deals$2.5M volume(508) 930-9330
BROKER
Diane C Salter
Diane C Salter
1 deal$1.3M volume(508) 566-2659
BROKER

Details

SOLD
IMAGE: Mark K Halloran DATE: 04/16/2024 ADDRESS: 26 Meribah Lane MARKET: Falmouth, MA ASSET TYPE: Multifamily BUYER'S REP: Diane C Salter - Vincent Associates SELLER'S REP: Mark K Halloran - Weichert Realtors (@WeichertRealtors) SALE PRICE: $1,251,000 UNITS: 2 ~ PPU: $625,500 SF: 1,918 ~ PPSF: $652 NOTE: 26 Meribah Ln in Falmouth, MA sold for $1.251 million, featuring a two-family duplex in downtown Falmouth with two side-by-side units, each comprising two bedrooms and one bath, boasting amenities like a large deck and heated three-season porch.

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

$66,720.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,444.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,930.38
Annual Debt Service$71,164.54