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Mixed-Use

191 MA-28

191 MA-28, Dennis, MA 02670

Listing Price: $1,700,000

Cap Rate
7.00%
Number of Units
6
Occupancy
100.0%
Price/Unit
$283,333
Price/Gross SF
$283.33
Gross SF
6,000

Investment Overview

Marcus & Millichap is pleased to offer on exclusive basis the sale of 191 Main Street (MA-28) in West Dennis Massachusetts, this is a rare opportunity to own an excellent cash flowing property in the hot market of Cape Cod.

The property consists of the total of 7 units, one large office / Storage which can be converted to a large 1 BR apartment, and 6 one BR apartments.

The property is 5,900 SF and it is sitting on a 26,000 SF Lot .

Seller is willing to hold a mortgage for the balance over $1 M down payment at 7% rate Interest only for three years.

Investment Highlights

  • Rare Value Add Property in Cape Cod Massachusetts.
  • Well Maintained 6 one BR Building and One Storage / Office.
  • Units Are Separately Metered.
  • Excellent Cash Flow In Place.
  • The Storage / Office Unit May Be Converted to a 1 BR Apartment.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s) MA: 1000485

    Massachusetts

Mixed-Use

191 MA-28

Listing Price: $1,700,000

Cap Rate
7.00%
Number of Units
6
Occupancy
100.0%
Price/Unit
$283,333
Price/Gross SF
$283.33
Gross SF
6,000

Investment Highlights

  • Rare Value Add Property in Cape Cod Massachusetts.
  • Well Maintained 6 one BR Building and One Storage / Office.
  • Units Are Separately Metered.
  • Excellent Cash Flow In Place.
  • The Storage / Office Unit May Be Converted to a 1 BR Apartment.

Investment Overview

Marcus & Millichap is pleased to offer on exclusive basis the sale of 191 Main Street (MA-28) in West Dennis Massachusetts, this is a rare opportunity to own an excellent cash flowing property in the hot market of Cape Cod. The property consists of the total of 7 units, one large office / Storage which can be converted to a large 1 BR apartment, and 6 one BR apartments. The property is 5,900 SF and it is sitting on a 26,000 SF Lot . Seller is willing to hold a mortgage for the balance over $1 M down payment at 7% rate Interest only for three years.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s): MA: 1000485

    Massachusetts

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