Updated Sep 9, 2024
Brett Holmes Acquires Multifamily Property In Provincetown, MA For $1.675M
33 Franklin St, Provincetown, Massachusetts, USA
$1,675,000
$771/SF
Building Size
2,170 SF
Asset Type
MultiFamily
Closing
Nov 16, 2021
About this deal
AI
Located at 33 Franklin St in Provincetown, MA, this multifamily property was recently sold for $1,675,000. Spanning across 2,170 square feet, the property offers ample space for its residents. With a price per square foot of $722, this transaction showcases the value of the asset. The sale was facilitated by Brett Holmes from Kinlin Grover Real Estate, who represented the buyer, and Brenda Dean from Cove Real Estate, who represented the seller.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,675,000
- Address: 33 Franklin St, Provincetown, MA
The deal's key individuals involved in this transaction were Brett Holmes from Kinlin Grover Real Estate, representing the buyer, and Brenda Dean from Cove Real Estate, representing the seller. Their expertise and negotiation skills played a vital role in the successful completion of this sale.
Players
Provincetown 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
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93