850 Falmouth Rd | Hyannis, MA 02601
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850 Falmouth Rd
Hyannis, MA 02601
Residence at 850 · Multifamily Property For Sale
·
53 Units
INVESTMENT HIGHLIGHTS
- The Residence at 850 presents investors with a rare opportunity to acquire a newly constructed, fully stabilized Class A multifamily asset
- The property has matured into a high performing, cash-flowing investment in one of Massachusetts’ most supply-constrained and high-demand rental
- Strategically located along Massachusetts Route 28 in Hyannis - Barnstable County’s largest and most dynamic village
- Completed in 2023, featuring (44) two-bedroom units and (9) one-bedroom units, this luxury rental community
- Additionally, there is future upside in further bringing rents to market level and in continuing to increase management efficiencies
- The Residence at 850 benefits from excellent regional connectivity and proximity to the Cape Cod Gateway Airport, vibrant commercial corridors
PROPERTY FACTS
| No. Units | 53 | Lot Size | 2.98 AC |
| Property Type | Multifamily | Building Size | 74,693 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2023 |
| Building Class | B | Parking Ratio | 1.16/1,000 SF |
| Zoning | RC - Residential Commercial | ||
| No. Units | 53 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.98 AC |
| Building Size | 74,693 SF |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | RC - Residential Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Clubhouse
- Fitness Center
- Grill
- Pet Play Area
- Car Charging Station
- Lounge
- Pet Washing Station
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | - | 713 |
| 2+1 | 2 | - | 985 |
| 2+2 | 42 | - | 973 - 1,078 |
PROPERTY TAXES
| Parcel Number | HYAN-000250-000000-000036 | Improvements Assessment | $2,910,500 |
| Land Assessment | $477,000 | Total Assessment | $3,387,500 |
PROPERTY TAXES
Parcel Number
HYAN-000250-000000-000036
Land Assessment
$477,000
Improvements Assessment
$2,910,500
Total Assessment
$3,387,500
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