27 Is Inn Rd Oak Bluffs, MA 02557
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.