Residence at 850 | 850 Falmouth Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Residence at 850 850 Falmouth Rd
53 Unit Apartment Building For Sale Hyannis, MA 02601
Investment Highlights
- Trophy Asset in Supply-Constrained Cape Cod Housing Crisis
- High Barrier-to-Entry
- Distinctive, Class A Living
Executive Summary
Residence at 850 is a luxury apartment community that was recently delivered in the growing submarket of Hyannis, Massachusetts. The property offers (9) one-bed and (44) two-bed condo-quality apartments with top-of-the-line unit amenities. With current lifestyle trends leading renters to gravitate toward highly-amenitized communities, Residence at 850 establishes itself as a best-in-class option for these renters, outfitted with spacious units and luxury on-site amenities.
The overarching theme of reduced supply relative to the demand in markets throughout New England strongly persists in the Cape Cod submarket. With local municipalities in the region emphasizing environmental and cultural preservation, development of new projects in the area is scarce. This has further constrained supply, allowing investors to expect little oncoming competition in the future. Under these market conditions, the property performed exceedingly well. Residence at 850 has been able to achieve nearly 100% occupancy during its short lease-up period, a testament to its desirability. Concurrently, home prices on the Cape have grown to historical levels and are approaching $700,000 on average. The continuing affordability dilemma has made renting a much more affordable alternative in the region.
The overarching theme of reduced supply relative to the demand in markets throughout New England strongly persists in the Cape Cod submarket. With local municipalities in the region emphasizing environmental and cultural preservation, development of new projects in the area is scarce. This has further constrained supply, allowing investors to expect little oncoming competition in the future. Under these market conditions, the property performed exceedingly well. Residence at 850 has been able to achieve nearly 100% occupancy during its short lease-up period, a testament to its desirability. Concurrently, home prices on the Cape have grown to historical levels and are approaching $700,000 on average. The continuing affordability dilemma has made renting a much more affordable alternative in the region.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type | Investment | Lot Size | 2.98 AC |
No. Units | 53 | Building Size | 50,000 SF |
Property Type | Multifamily | No. Stories | 3 |
Property Subtype | Apartment | Year Built | 2023 |
Apartment Style | Low Rise | Parking Ratio | 1.74/1,000 SF |
Building Class | B |
Sale Type | Investment |
No. Units | 53 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | B |
Lot Size | 2.98 AC |
Building Size | 50,000 SF |
No. Stories | 3 |
Year Built | 2023 |
Parking Ratio | 1.74/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Clubhouse
- Fitness Center
- Grill
- Pet Play Area
- Car Charging Station
- Lounge
- Pet Washing Station
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 9 | $2,475 | 713 |
2+1 | 2 | $2,850 | 985 |
2+2 | 42 | $3,400 | 1,000 |
zoning
Zoning Code | RC (Residential Commercial) |
RC (Residential Commercial) |
1 of 41
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Residence at 850 | 850 Falmouth Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.