NOT LISTED FOR SALE

148 Cedar St Hyannis, MA 2601

-- Bed
-- Bath
4,821 Sq Ft
0.5 Acres

Last Sold May 24, 2021

Last sale price $1,300,000 $270 Per Sq Ft

13 Days on Market

Highlights

  • Property is near a marina
  • Deck
  • No HOA
  • Medical Services
  • Wood Flooring
  • Laundry Room

About This Home

As of May 2021

This is a rare opportunity in a well traveled, year round village with 3 buildings situated on .5 acres located near Cape Cod Hospital, The Cape Cod Mall, The Hyannis Airport and downtown Main Street that is full of tourist attractions, historic landmarks, harbor front activities, waterfront restaurants and public beaches.The 3 buildings include a 3 bed/1 bath ranch (1,049 s.f.), a 2 bed/1bath cottage, and a 2 story 4 unit multi-family apartment (3,024 s.f.). The 6 units are fully occupied with an annual lease, a strong long term tenant, that renews yearly, and has been in place with the property for 20+ years. Owner receives 2 rent checks a month as the Tenant on the lease collects, and is responsible for, all the rental units. Very passive income. Income and expense numbers provided with a confidentiality agreement. Please don't drive into the complex without an appointment. Town Sewer, natural gas heat, and many updates to the buildings over the years.

Last Agent to Sell the Property

Laurie Bailey-Gates

Coldwell Banker Realty License #9524602 Listed on: 04/22/2021

Coldwell Banker Realty

Co-Listed By

John Strome

Coldwell Banker Realty License #9554514

Last Buyer's Agent

Dennis Kerkado

North Atlantic Realty Group License #9506043

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,270

Year Built

  • Built in 1950

Lot Details

  • 0.5 Acre Lot
  • Fenced
  • Level Lot
  • Irregular Lot
  • Cleared Lot

Home Design

  • Block Foundation
  • Poured Concrete
  • Frame Construction
  • Asphalt Roof
  • Concrete Siding
  • Shingle Siding
  • Clapboard

Interior Spaces

  • 4,821 Sq Ft Home
  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • Insulated Windows
  • Insulated Doors
  • Electric Range

Flooring

  • Wood
  • Tile
  • Vinyl

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Property is near a marina
  • Deck

Location

  • Property is near place of worship
  • Property is near shops

Utilities

  • No Cooling
  • Forced Air Heating System
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for trash collection
  • Assessor Parcel Number 328231

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Amenities

  • Medical Services

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,270

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Has Basement: Bulkhead Access, Interior Entry, Full
  • Property Sub Type: Multi Family
  • Prop. Type: Commercial Sale
  • Lot Size Acres: 0.5
  • Co List Office Mls Id: CBRES
  • Co List Office Phone: 508-862-8021
  • Directions: Route 28 to Camp Street to Cedar Street. No sign on the property.
  • Garage Yn: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Water Heater, Electric Range, Refrigerator, Washer/Dryer Stacked
  • Interior Amenities: 2 + Bedrooms, 1 Bath, Year Round, 2 Bedrooms, 2 + Baths, 1 Bedroom
  • Number Of Buildings: 3
  • Door Features: Insulated Doors - All
  • Fireplace: No
  • Flooring: Hardwood, Tile, Vinyl
  • Living Area: 4821
  • Window Features: Insulated Windows
  • Room Kitchen Features: Kitchen Sink

Exterior Features

  • Exterior Features: Yard
  • Fencing: Fenced
  • Lot Features: In Town Location, Medical Facility, Major Highway, House of Worship, Shopping, Marina, Cleared, Irregular Lot, Level, South of Route 28
  • Waterfront: No
  • Construction Type: Clapboard, Shingle Siding, Sheet Rock, Concrete, Frame, Pour Concrete
  • Foundation Details: Block, Poured
  • Patio And Porch Features: Deck - Some
  • Roof: Asphalt

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Assigned, Paved Lot, Paved, Off Street, Driveway, Parking Lot

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air
  • Gas Company: On Site
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Separate Utilities
  • Laundry Features: In Unit, Laundry Room
  • Cooling Y N: No
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Schools

  • Junior High Dist: Barnstable

Lot Info

  • Zoning: GM
  • Land Lease Amount Frequency: Annually
  • Current Use: Other, Rental Units
  • Lot Size Sq Ft: 21780
  • Parcel #: 328231
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 1950

Rental Info

  • Tenant Pays: Trash Collection

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8270
  • Tax Book Number: 26997

Multi Family

  • Number Of Units Total: 6

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2021 05/24/21 Sold $1,300,000 -3.7% $270 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $1,350,000 -- $280 / Sq Ft
Source: Cape Cod & Islands Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape Cod & Islands Association of REALTORS®

MLS Number: 22102031

Cape Cod & Islands Association of REALTORS®

APN: HYAN M:328 L:231