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88, 86A, & 86B MA-6A 6 Unit Apartment Building $1,900,000 ($316,667/Unit) Orleans, MA 02653
Investment Highlights
- Liberal Village Center Zoning Allows Expansion with Town Approval
- Central In-Town Location
Executive Summary
Selling as one unit: 3 parcels of improved land in the center of Orleans, Village Center District. The property consists of #88: a 2-bedroom one bath 1,400 square foot single family home with a detached two car garage with unfinished space above, and a 520 square foot foundation with no building added. #86A: a 1,494 square foot building with 3 one-bedroom rental units, and #86B: a 949 square foot mixed-use two-story building with office space on the 1st floor and a studio apartment upstairs, along with an unfinished 342 square foot 1st floor space. There is also a detached garage/barn in the back of this lot. Nestled between Route 6A and the Cape Cod Rail Trail, this is a central location for all that Orleans offers. Excellent investment property. The liberal zoning in Village Center allows for many ways to expand the use here, with town approval.
Property Facts Under Contract
| Price | $1,900,000 | Apartment Style | Garden |
| Price Per Unit | $316,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.88 AC |
| No. Units | 6 | Building Size | 4,185 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | VC - Orleans Village Center | ||
| Price | $1,900,000 |
| Price Per Unit | $316,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.88 AC |
| Building Size | 4,185 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | VC - Orleans Village Center |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | 1,400 |
| 1+1 | 3 | - | - |
| Studios | 1 | - | - |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $901,200 | |
| Land Assessment | $654,600 | Total Assessment | $1,555,800 |
Property Taxes
Parcel Numbers
Land Assessment
$654,600
Improvements Assessment
$901,200
Total Assessment
$1,555,800
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Contact the Sale Advisor
88, 86A, & 86B MA-6A