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

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

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.

Data Room Click Here to Access

Property Facts

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)
  • Listing ID: 31510054

  • Date on Market: 4/15/2024

  • Last Updated:

  • Address: 850 Falmouth Rd, Hyannis, MA 02601

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}