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.
Location
The data relating to real estate for sale on this site comes from the Broker Reciprocity (BR) of the Cape Cod & Islands Multiple Listing Service, Inc. Summary or thumbnail real estate listings held by brokerage firms other than Gibson Sotheby's are marked with the BR Logo and detailed information about them includes the name of the listing broker. Neither the listing broker nor Gibson Sotheby's shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. All properties are subject to prior sale, changes, or withdrawal. Updated: 25th March, 2023 8:55 PM (UTC)
Attribution contact: 866-866-0724 | 978-495-6881
Listing Agent: Walter Zenkin
Listing Office: Unique Realty Associates
