Discover a unique opportunity in Provincetown with this versatile 3-family home. Ideally located near the town and the National Seashore, you can reside in one unit and rent the other two. Set on a spacious lot, the property boasts a beautifully landscaped yard and offers numerous amenities. Unit #1 - 1, 882 sq ft, 2/2 with a wood burning fire place, a private deck directly off the kitchen, a generator, and a water filtration system. Unit #2 - 1, 320 sq ft, 2/2 open floor plan with laundry. Unit #3 - 400 sq ft studio with deck and patio access. This property offers parking for three cars and a storage shed. Close to bike trails, Race Point Beach, and the dunes, combining comfort, convenience, and natural beauty. Property is being sold as-is. The seller welcomes offers with some buyer concessions. This rare 3-family property sits on a generous 7, 841 sq ft lot and boasts a total of 5 bedrooms. Owner's Unit (Unit 1): " Living Space: 1, 884 sq ft across 3 levels " Bedrooms/Bathrooms: 2BR/2BA with a pantry (which was a ½ bath that can be converted back) " Main Floor: Open-concept design featuring a dramatic two-story wood clad ceiling and a wood-burning fireplace. The kitchen and dining area open to a deck through Anderson sliders offering views of the expansive yard. All appliances are from 2018 or newer. Also has a 3-stage water filtration system under the kitchen sink. Additionally, there is a 3-stage whole house water filtration system. " Second Level: An oversized master bedroom with a walk-in closet and Anderson sliders leading to a balcony. This level also includes a large loft space, perfect for an office, den, or additional sleeping area. The carpet is new (2024), and the bathroom was custom remodeled in 2022 with a large shower. " Main Floor and Second Levels: Equipped with Fujitsu split systems for air conditioning. " Finished Lower Level: Includes a utility room with laundry facilities, ample storage space, an additional bedroom and bathroom, and sliders to the patio and yard, complemented by window A/C. Unit 2 Highlights: " Living Space: 1, 320 sq ft across 3 levels " Bedrooms/Bathrooms: 2BR/2BA Main Floor: " Open-concept living, dining, and kitchen area " Full bathroom " Brand new refrigerator (2024) " Also has a 3-stage water filtration system under the kitchen sink. Second Level: " Spacious bedroom " Full bathroom Finished Lower Level: " Versatile bedroom that can also serve as a family room " Laundry room Additional Features: " Mitsubishi dual split systems installed in 2022, providing efficient heat and air conditioning across all three levels Unit 3 is a charming studio apartment offering 400 sq ft of thoughtfully designed living space. Step through the elegant Anderson sliders to a deck and patio area, perfect for relaxation and entertaining. The bathroom was tastefully renovated in 2019, complemented by high-quality flooring throughout and a new efficiency oven range. Enjoy the comfort of a window A/C unit included with the apartment. All three units feature baseboard hot water heat, with the main hot water heater updated in 2019. Each floor has its own heating zone for personalized comfort. Units 1 and 2 benefit from a whole-house Kohler generator installed in 2019, while Unit 3 enjoys a courtesy outlet on the generator. The property also boasts an irrigation system and existing wired landscape lighting, with the capacity to add more lights if desired. The yard is beautifully landscaped with pebble rocks and several boulders, adding a touch of natural elegance. A shed provides convenient storage for yard equipment, and there is parking available for three cars. Located just a short distance from bike trails, Race Point Beach and the dunes. This property offers the perfect blend of comfort, convenience, and natural beauty making it an attractive option for both potential buyers and their tenants. Please review the Town of Provincetown Sewer Modernization & Sewer Expansion Plan coming soon to the neighborhood. Although we highly recommend conducting a home inspection, please note that the property is being sold as is. Don't miss the chance to own income producing property.
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NMLS Mortgage Loan Originator ID 1020051
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,840,000 | $1,840,000 | $1,840,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $622 | $622 | $622 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,447 | $11,479 | $15,403 |
Total Monthly Payment | $11,194 | $12,226 | $16,150 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.