New Listing - 03/26/2025
2705 State Highway, Eastham, MA, 02642
22 rooms
8 beds
8 Full / 1 Half baths
1973
Ranch
4,503 sqft
Rare opportunity to own an 8-unit, year-round multifamily complex in Eastham. This versatile property is ideal for condo conversion, short-term rentals, employee or corporate housing, continued year-round tenancy, or potential redevelopment. The property consists of six buildings--two duplexes and four standalone units--served by an I/A septic system rated for nine bedrooms. Seven of the eight units are currently occupied with tenants at will; the remaining unit will be delivered vacant, offering flexibility for a new owner. All units are separately metered for electricity, with a common panel for shared spaces. Units A & B are heated by natural gas. The lower level of A/B includes private storage cages for each unit, coin-operated laundry, and an owner's garage--ideal for material storage or possible income expansion. Recent updates have been made to Unit B and Unit 3/4. Strong rental history with significant upside. Asking price reflects a 6.4% cap on current rent roll and expenses. Call for more details.
Status:
Active
Type:
Multi-family
Zoning:
Residential
Garage:
2-car Basement, Assigned, Stone/Gravel, Paved, Off Street
Cooling:
Other
Basement:
Interior Entry, Full
Levels:
2
Parking:
14-car
Acreage:
0.7
Est. Taxes:
$6,248
Assessment
$872,600
Construction
Shingle Siding
Lot Description:
Conservation Area, West of Route 6
School District:
Nauset
Special Listing Condition:
Broker-Agent/Owner
Appliances:
Electric Water Heater, Water Heater
MLS #:
22501184
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Listing courtesy of Mason Hickman, EXP Realty Phone: 888-854-7493