NOT LISTED FOR SALE

32 W Falmouth Hwy 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

6 Days on Market

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

Berkshire Hathaway HomeServices Robert Paul Properties Listed on: 06/08/2020

Berkshire Hathaway HomeServices Robert Paul Properties

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.69

Utilities

  • Sewer Inspection Required for Sale

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 35 S:03 P:014 L:001

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 332.61
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Total Flrs: 3
  • No Bedrooms: 7
  • Total Brs: 7
  • Full Bathrooms: 6
  • Total Fbh: 6
  • No Rooms: 9
  • Basement: Y
  • Basement Features: Walk Out
  • Main Lo: AC0298
  • Main So: H11111
  • Estimated Sq Ft: 2778.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1 to 2 Mile
  • Exterior: Wood
  • Foundation: Concrete Block

Garage/Parking

  • Parking Spaces: 10

Utilities

  • Sewer: Inspection Required for Sale
  • Water: City/Town Water
  • Heat Zones: 6

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Medical Facility, Bike Path, Conservation Area, Highway Access, Public School

Lot Info

  • Assessments: 576600.00
  • Acre: 0.69
  • Lot Size: 29908.00
  • Page: 103
  • Parcel Number: 35 S:03 P:014 L:001
  • Zoning: RB
  • Lot Description: Sloping

Multi Family

  • APOD Available: Yes
  • Heat Units: 1
  • Total Levels: 2
  • Total Rent: 7875
  • Total Rms: 17
  • No Units: 6
  • Mf Type: 5+ Family - 5+ Units Up/Down

Tax Info

  • Taxes: 4953.00
  • Assessor Parcel Number: 2312607

Range of Values:

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List Price
Sold Price
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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
06/14/2020 06/14/20 Pending -- -- --
06/08/2020 06/08/20 For Sale $924,000 +87.6% $333 / Sq Ft
12/31/2012 12/31/12 Sold $492,500 -10.5% $177 / Sq Ft
12/01/2012 12/01/12 Pending -- -- --
03/31/2012 03/31/12 For Sale $550,000 -- $198 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2020

    Fox Team

    Berkshire Hathaway HomeServices Robert Paul Properties

    21 in this area

    57 Total Sales

    Section Image

  • N

    Buyer's Agent in 2020

    Non Member

    Non Member Office

  • Doug Azarian

    Seller's Agent in 2012

    Doug Azarian

    Kinlin Grover Compass

    (508) 360-4600

    5 Total Sales

    Section Image

  • B

    Buyer's Agent in 2012

    Barbara Lawrence

    Century 21 Signature Properties

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72669466

MLS Property Information Network (MLS PIN)

Massachusetts Barnstable County Falmouth 02540

32 W Falmouth Hwy, Falmouth, MA

This home is located at 32 W Falmouth Hwy, Falmouth, MA 02540 since 08 June 2020. This property was built in 1900. 32 W Falmouth Hwy is a home located in Barnstable County with nearby schools including Mullen-Hall School, Morse Pond School, and Lawrence School.

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MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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