15 Mechanic Street #1 Provincetown — Photo 1 of 19
$1,900,000
Investment Analysis — 15 Mechanic Street #1
Provincetown, MA 02657
Based on HUD Small Area Fair Market Rent for Barnstable Town, MA MSA, a 2-bedroom in 02657 carries an estimated $2,120/mo in gross rent — about a 0.18% cap rate and $3,500/yr in estimated NOI at the $1,900,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2.5
SqFt
1,380
Style
Condominium
Built
1987
Perfectly located in Provincetown's West End, this property is just a short stroll from local hot spots, including Perry's, Relish, Joon Bar, Flyer's and the beach. This tri-level, 2 bedroom, 2.5 bath end unit is part of a 4 unit association and includes 2 off street parking spots. Inside the open floor plan features vaulted ceilings, abundant natural light and a wood burning fireplace. The open-concept living and dining area flow into the kitchen, which offers a pantry and half bath.Outside, you can enjoy a well situated private deck for dining or drinks. The primary ensuite bedroom is located on the top floor, with a peek of the Monument and ocean. The lower level features an ensuite guest bedroom with a separate den/study, laundry and its own entrance.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Listing Agent: Thomas Hochard
Listing Office: Berkshire Hathaway HomeServices Robert Paul Properties
MLS® Number: 73563903
