INQUIRE PRINT

In the coveted Copeland District, steps from beach and town: An unparalleled palace of a property awaits the fortunate investor. Dunmere-by-the-Sea, a soaring, three-story edifice was once an elegant hotel of Oak Bluffs' heyday as a swinging Victorian resort. For the past 40-plus years, this "wedding cake" with panaromic views of Nantucket Sound has served its owners well as a three-unit apartment building with vacation tenants from as near as Boston and as far as Budapest, including many longtime repeaters. Updates over the years have spared many elements of period charm, such as the mansard roof, substantial "gingerbread" trimmings and curvaceous interior stairway. Each unit enjoys bright and spacious floor-through living, with open common areas, full kitchens and baths, two-plus bedrooms and water views. They share use of a laundry, a deep wraparound porch, four parking spaces and generous yard space for lounging and cookouts. The raised finished basement, inclusive of full bath and laundry, has full windows and both indoor and outdoor entries. The opportunities abound: Glamorously upgrade or stay true to the "old school" cottage ambience. Continue the lucrative landlord tradition. Or create condominiums (subject to town permitting). Or go rogue and transform the building into your personal and amazing single-family domain. Property is eligible for tie-in to the town sewer.

Multi-Family
Oak Bluffs
7 Pennacook Avenue
$1,790,000.00

LINK ID: 33956
Bedrooms: 8
Baths: 4
Half Baths: 1
Rooms: 16
Living Space: 4738
Acreage: 0.1500
Water Frontage: None
1st Floor Bedrooms 2


Outdoor Spaces: Water Views,Garden,Porch,Deck,Beach Access - Public,
Features: Outdoor Shower,
Year Built: 1880
Second Dwelling: None
Zoning: R1
Water: Town
Sewer: Septic
Lead Paint: Unknown
Foundation : concrete block
Heat: None
Yard Type: generous lawn
Flooring: wood
Stove: 4
Fridge: 4
Washer: 2
Dryer: 2
TV: Cable

FIRST FLOOR DESCRIPTION
Main entry from common wraparound porch. Apartment One: Open living/dining area with egress to porch. Kitchen. Two bedrooms. Full bath.

SECOND FLOOR DESCRIPTION
Apartment Two: Open living/dining area. Kitchen. Three bedrooms. Full bath. Exclusive access to expansive outdoor wraparound deck. Common laundry area, with half bath, accessible to all three apartments via rear stairway.

THIRD FLOOR DESCRIPTION
Apartment Three: Open living/dining area. Kitchen. Two-plus bedrooms. Full bath.

BASEMENT DESCRIPTION
Raised, finished basement with full windows. Hardwood floors! Common living area. Two bedrooms. Recently updated full shower bath. Piggyback washer/dryer. Storage. Indoor and outdoor entries.

OTHER BUILDINGS
Detached outdoor shower. Garbage enclosure.

PARKING
four off-street spaces



©2019 LINK, All Rights Reserved
Not responsible for misinformation or typographical errors. Prices are subject to change without notice.
Listing Agent: Coldwell Banker Landmarks