Description
This is a great opportunity to buy this 27 unit motel zoned mixed use in a great location with a NOI of $387K 12% CAP Rate. Just minutes away from the beach and activities and situated in the heart of Cape Cod. Opened in 1957 with 26 one bedroom units, conveniently located on the ground floor with easy access plus a separate 3 bedroom unit on the second floor above the office/sweet. All units are non smoking and contain one or two beds with a sleek modern decor, with a king or 2 queen beds. Seller is willing to do a lease back. A portion of Seller Financing may also be available.
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0BEDS
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1.27ACRES
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0BATHS
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01/2 BATHS
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10,727SQFT
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$298$/SQFT
Description
This is a great opportunity to buy this 27 unit motel zoned mixed use in a great location with a NOI of $387K 12% CAP Rate. Just minutes away from the beach and activities and situated in the heart of Cape Cod. Opened in 1957 with 26 one bedroom units, conveniently located on the ground floor with easy access plus a separate 3 bedroom unit on the second floor above the office/sweet. All units are non smoking and contain one or two beds with a sleek modern decor, with a king or 2 queen beds. Seller is willing to do a lease back. A portion of Seller Financing may also be available.
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Data last updated: 2023-03-27T09:25:33.737.