850 Falmouth Rd - Apartments FOR SALE
Hyannis, MA 02601 |
$22,950,000 USD
617-315-4844
850 Falmouth Rd
Hyannis, MA 02601
HIGHLIGHTS
- The Residence at 850 presents investors with a rare opportunity to acquire a newly constructed, fully stabilized Class A multifamily asset
- Completed in 2023, featuring (44) two-bedroom units and (9) one-bedroom units, this luxury rental community
- The property has matured into a high performing, cash-flowing investment in one of Massachusetts’ most supply-constrained and high-demand rental
- Additionally, there is future upside in further bringing rents to market level and in continuing to increase management efficiencies
- Strategically located along Massachusetts Route 28 in Hyannis - Barnstable County’s largest and most dynamic village
- The Residence at 850 benefits from excellent regional connectivity and proximity to the Cape Cod Gateway Airport, vibrant commercial corridors
FOR SALE DETAILS
PRICE
$22,950,000 USD
PRICE/SF
$459 USD /SF
# OF UNITS
53
PRICE/UNIT
$433,019
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Residence at 850
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
2023
PARKING SPACES
87
LAND DETAILS
LAND ACRES
2.98 AC
LAND SF
129,809 SF
ZONING
RC
APN/PARCEL ID
HYAN-000250-000000-000036
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617-315-4844
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617-315-4844
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