1290 Cape St, Lee, MA 01238

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Building Details:

• Year Built: 1900

1290 Cape St is located in Lee, MA.

Unique ten unit apartment complex consisting of eight buildings listed at a 10.4 % cap rate with the potential of a 19.6% Cash on Cash return. The one apartment that is in building one is a two bedroom in good condition with a new bath. In building two there are three apartments. The two on the first floor are one bedroom units and the one on the second floor is a large two bedroom unit. The six cottages are all one bedroom units all of them have been updated except cottage number one. All of the buildings have newer roofs except cottage number one. The septic system for the whole complex is new within the last ten years new ejector pump 2012. The well pump for the complex was replaced in 2011.