NOT LISTED FOR SALE

32 W Falmouth Hwy Unit 1-6 Falmouth, MA 02540

7 Beds
6 Baths
2,778 Sq Ft
0.69 Acres

Last Sold July 31, 2020

Last sale price $877,500 $316 Per Sq Ft

7 Days on Market

Highlights

  • Cape Cod Architecture
  • Deck
  • Garden
  • Morse Pond School Rated A-
  • No HOA
  • Carpet

About This Home

As of July 2020

The property is being offered at $924,000 which reflects a cap rate of 7.3%. A cash on cash return of greater than 10%, a leveraged return of greater than 19%, and a gross rent multiplier of greater than 10%. The cashflow presents an LTV ratio of 70% and Debt coverage ratio of 1.67%. It has an excellent rental history and is being marketed with gross rents including utilities, because the market segment it appeals to finds it easier to commit to leases at fixed costs. The property has had a recent roof replacement and has great accessibility for tenants being located on both West Falmouth highway and the bike path, with a bench situated along the bike path. This property abuts apx 7.75 acres of Town owned Land. Please inquire for interior photos.

Last Agent to Sell the Property

Fox Team

Kinlin Grover Real Estate Listed on: 06/04/2020

Last Buyer's Agent

Member Non

cci.unknownoffice

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,952

Year Built

  • Built in 1900

Lot Details

  • 0.69 Acre Lot
  • Garden
  • Yard

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Poured Concrete
  • Shingle Roof
  • Asphalt Roof
  • Shingle Siding

Interior Spaces

  • 2,778 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Heating Available
  • Gas Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • The owner pays for gas, water, sewer, heat, electricity, grounds care, snow removal, trash collection, hot water
  • Assessor Parcel Number 35 03 014 001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,952

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Has Basement: Finished, Full, Walk-Out Access
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.69
  • Directions: Heading north on Palmer ave from the Instersection of Jones Rd, continuing onto West Falmouth Highway, the property will be on the Left #32.
  • Architectural Style: Cape
  • Garage Yn: No
  • New Construction: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Gas Water Heater, Water Heater
  • Total Bedrooms: 7
  • Owner Pays: Gas, Water, Sewer, Heat, Electricity, Grounds Care, Snow Removal, Trash Collection, Hot Water
  • Full Bathrooms: 6
  • Fireplace: No
  • Flooring: Laminate, Carpet

Exterior Features

  • Exterior Features: Yard, Garden
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Shingle Siding
  • Foundation Details: Block, Poured
  • Patio And Porch Features: Deck
  • Property Condition: Approximate
  • Roof: Asphalt, Shingle

Utilities

  • Sewer: Septic Tank
  • Cooling: None
  • Cooling Y N: No
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Falmouth

Lot Info

  • Zoning: RB
  • Lot Size Sq Ft: 30056
  • Parcel #: 35 03 014 001
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 1900

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4952
  • Tax Book Number: 28224-103

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $877,500 -5.0% $316 / Sq Ft
06/13/2020 06/13/20 Pending -- -- --
06/05/2020 06/05/20 For Sale $924,000 +86.7% $333 / Sq Ft
06/25/2014 06/25/14 Sold $495,000 -10.0% $234 / Sq Ft
06/23/2014 06/23/14 Pending -- -- --
10/23/2013 10/23/13 For Sale $550,000 -- $260 / Sq Ft
Source: Cape Cod & Islands Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2020

    Fox Team

    Kinlin Grover Real Estate

  • M

    Buyer's Agent in 2020

    Member Non

    cci.unknownoffice

  • John Barrett

    Buyer's Agent in 2014

    John Barrett

    Keller Williams Realty

    (774) 836-0235

    49 Total Sales

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Map

Source: Cape Cod & Islands Association of REALTORS®

MLS Number: 22003293

Cape Cod & Islands Association of REALTORS®

APN: FALM 35 S:03 P:014 L:001

Massachusetts Barnstable County Falmouth 02540

32 W Falmouth Hwy Unit 1-6, Falmouth, MA

This home is located at 32 W Falmouth Hwy Unit 1-6, Falmouth, MA 02540 since 04 June 2020. This property was built in 1900. 32 W Falmouth Hwy Unit 1-6 is a home located in Barnstable County with nearby schools including Mullen-Hall School, Morse Pond School, and Lawrence School.

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