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191 Main St 7 Unit Apartment Building $2,419,375 CAD ($345,625 CAD/Unit) 7.14% Cap Rate West Dennis, MA 02670
INVESTMENT HIGHLIGHTS
- Rare Value Add Property in Cape Cod Massachusetts - Close to Barnstable Intl Airport.
- Units Are Separately Metered.
- The Storage / Office Unit May Be Converted to a 1 BR Apartment.
- Well Maintained 6 one BR Building and One Storage unit, oversized two car garage and a workshop.
- Excellent Cash Flow In Place.
- Seller is willing to hold a mortgage for the balance over $1 M down payment at 7% rate Interest only for three years.
EXECUTIVE SUMMARY
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 in two buildings, one large office / Storage which can be converted to a large 1 BR apartment, and 6 one BR apartments, and two Garages can be rented for extra income.
The property is 5,900 SF and it is sitting on a 26,000 SF Lot .
Close to Barnstable Intl Airport.
Seller is willing to hold a mortgage for the balance over $750,000 down payment at 7% rate Interest only for three years or five years.
The property consists of the total of 7 units in two buildings, one large office / Storage which can be converted to a large 1 BR apartment, and 6 one BR apartments, and two Garages can be rented for extra income.
The property is 5,900 SF and it is sitting on a 26,000 SF Lot .
Close to Barnstable Intl Airport.
Seller is willing to hold a mortgage for the balance over $750,000 down payment at 7% rate Interest only for three years or five years.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,419,375 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $345,625 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.60 AC |
| Cap Rate | 7.14% | Building Size | 8,324 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1978/2015 |
| Price | $2,419,375 CAD |
| Price Per Unit | $345,625 CAD |
| Sale Type | Investment |
| Cap Rate | 7.14% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 8,324 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2015 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
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191 Main St
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