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.
Off market
$1,215,000
32 W Falmouth Hwy, Falmouth, MA 02540
7beds
2,778sqft
MultiFamily
Built in 1900
-- sqft lot
$1,215,000 Zestimate®
$437/sqft
$3,148 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
- Full bathrooms: 6
Interior area
- Total interior livable area: 2,778 sqft
Property
Features
- Exterior features: Wood
Lot
- Size: 0.69 Acres
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1900
Community & neighborhood
Location
- Region: Falmouth
Other
Other facts
- Amenities: Public Transportation, Shopping, Medical Facility, Bike Path, Conservation Area, Highway Access, Public School
- Beach Description: Ocean
- Beachfront Flag: Yes
- Apod Available: Yes
- Exterior: Wood
- Rnt Dscrp 1: Water, Heat, Electric, Hot Water, Gas
- Rnt Dscrp 2: Water, Heat, Electric, Hot Water, Gas
- Beach Miles To: 1 To 2 Mile
- Beach Ownership: Public
- Foundation: Concrete Block
- Basement Feature: Walk Out
- Mf Type: 5+ Family - 5+ Units Up/Down
- Lot Description: Sloping
- Rms Common: Other (see Remarks)
- CONTINGENCY_TYPE: Inspection
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$1,215,000
2% more+ $24,300
With Zillow Showcase(estimated)
$1,239,300