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(781) 365-5739
Real Estate Company
13 S Orleans Rd Unit 41, Orleans, MA 02653
- $162,000
- 1
- BD
- 1
- BA
- 310
- SqFt
- Sold Price
- $162,000
- List Price
- $159,900
- Status
- SOLD
- MLS#
- 73569775
- Bedrooms
- 1
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 310
- Year Built
- 1959
Property Description
This is not your typical condo. Located directly on Town Cove, this individually owned unit at The Cove offers a truly hands-off Cape Cod investment. The property is professionally operated motel-style by full-time staff, meaning no bookings to manage, tenants to deal with, maintenance calls or late-night issues. Owners receive their share of proceeds via monthly direct deposit based on The Cove's established percentage schedule. This unit generated approximately $10,600 in owner income last year after The Cove's percentage was deducted. The owner's only regular out-of-pocket property expense is quarterly taxes. Utilities, maintenance, housekeeping and operating expenses are handled through the property's percentage structure. The unit operates year-round, is waterfront on beautiful Town Cove and allows owners up to 14 days of personal use per year, subject to housekeeping expenses and property rules. A unique opportunity to own waterfront Orleans real estate without the responsibilities of managing a rental. No booking calendars. No upset tenants. No 2 AM calls. Just collect your proceeds.
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Additional Information
- Taxes
- $836
- Pool Description
- Association, In Ground
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Listing Agent: Ronald Ruggiero from Listing Office: Keller Williams Realty.
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