183 Captain Chase Road, Dennis, MA 02639
- $1,950,000
- 3,585
- SqFt
- List Price
- $1,950,000
Property Description
Near Beach. Motel in Dennis Port being offered for sale. Always desirable rental area and walk to the beach. 9 units - Motel has 6 fully renovated studio apartments, managers residence, motel office, room dedicated to laundry and trash, detached duplex with 2 one bedroom units. The duplex was purchased and added to the motel. The entirety is owned by a single entity as a condo. Condo docs and ownership structures to be divided by each unit are in place and recorded with the Registry. Condominium conversion offers buyers the potential to sell units individually. Run your own motel, sell individual units hold over 50% ownership, run the HOA, sell all the units and continue to run the property management. Make it a lifestyle or restructure the assets to produce equity. Make your money now or make your money with this property forever. It's someone else's turn.
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Listing courtesy of Listing Agent: Jessalyn Peters from Listing Office: Property Partners Real Estate LLC.
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