Updated Dec 4, 2024
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.
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