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    27 Island Inn Rd Oak Bluffs, MA 02557

    Sponsored
    For Sale
    $235,000

    51-Unit Island Inn Condo

    Property size:
    329 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 51-unit condotel, located at 27 Island Inn Road in Oak Bluffs, Massachusetts, presents a unique investment opportunity. The property, built in 1979, boasts a total of 329 square feet across one building situated on a spacious 217,800 square foot lot. The asking price is $235,000. This multifamily property operates seasonally, from April to October, and includes a ground-level studio unit fully furnished and equipped with patio access. The Island Inn offers an array of resort-style amenities, including a pool, tennis court, charcoal grills, fire pits, a playground, and an event hall. Its convenient location provides easy access to State Beach and the town of Oak Bluffs. On-site management handles bookings, cleaning, and routine maintenance, ensuring a hassle-free ownership experience. The property's popularity and established management structure contribute to its strong income potential. Note that showings inside the unit are scheduled only between tenants. This is an ideal opportunity for investors seeking a turnkey, income-generating property in a desirable vacation destination.

    Property Features for 27 Island Inn Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    329 SF

    Building Details

    Year Built
    1979
    Buildings
    1
    Units
    51

    HighLights

    • Ground‑level studio condo at the Island Inn, a condotel with strong income potential.
    • Fully furnished and equipped studio with private patio.
    • Professional on‑site management by Vacasa handles bookings, cleaning, and maintenance.
    • Resort amenities include a pool, tennis court, grills, playground, and event hall.
    • Conveniently located near State Beach and downtown Oak Bluffs.
    • Seasonal operation (April‑October).
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Home Appliance Store Tailor Shop Catering Service Supermarket Bike Shop Food Market Accounting Firm Grocery Store Bar & Pub Barber Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Bluffs
    County
    Dukes
    State
    Massachusetts
    Longitude
    -70.5517789
    Latitude
    41.4570063

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    FAQs

    What type of property is this?
    Multifamily property - 51-Unit Island Inn Condo
    Where is this multifamily property located?
    The property is located at 27 Island Inn Rd Oak Bluffs, MA.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: Ground-level studio condo at the Island Inn, a condotel with strong income potential.; Fully furnished and equipped studio with private patio.; Professional on-site management by Vacasa handles bookings, cleaning, and maintenance.
    Request Owner's contact information
    27 Island Inn Rd Oak Bluffs, MA 02557
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    Oak Bluffs, MA 02557
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    27 Island Inn Rd Oak Bluffs, MA 02557
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