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27 Meribah Lane

Updated Dec 4, 2024

Mark K Halloran Brokers $1.251M Sale Of Falmouth Multifamily Property
SOLDMultiFamily

Mark K Halloran Brokers $1.251M Sale Of Falmouth Multifamily Property

27 Meribah Lane

$1,251,000

$652/SF

Building Size

1,918 SF

Asset Type

MultiFamily

Closing

Apr 16, 2024

About this deal

AI

27 Meribah Ln in Falmouth, MA sold for $1.251 million, offering a two-family duplex in downtown Falmouth with each side featuring two bedrooms and one bath, totaling 1,918 square feet. The property is located minutes away from the harbor, Surf Drive beach, and Main Street restaurants.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,251,000
  • Units: 2
  • Price per Unit: $625,500
  • Square Footage: 1,918
  • Price per Square Foot: $652
  • Address: 27 Meribah Lane
  • Market: Falmouth, MA
  • Broker: Mark K Halloran - Weichert Realtors

The sale of 27 Meribah Ln was facilitated by Mark K Halloran of Weichert Realtors, representing the parties involved in the transaction.

Players

Mark K Halloran

Weichert Realtors

Broker

$2.5M

vol

2 deals

Broker

Falmouth MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $652 per square foot on a published $1.3M for 1,918 square feet (2024).

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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

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