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481 Commercial Street # U1 Provincetown MA 02657 MLS #22401658

This rarely available, free-standing, waterfront cottage is located in Provincetown’s East End Gallery District. The 1,131 SF detached condo provides 1 BR, a large den, 2 full baths, gas fireplace, 1 parking spot, new in-unit washer & dryer, an exclusive deck overlooking the Provincetown harbor and an excellent rental history, making it an ideal getaway home or investment.The recently upgraded kitchen with generous cabinets extends into the open living & dining area with a fireplace and water views. The large den has a privacy curtain and sliding glass doors leading to the 31′ long exclusive deck.This six-unit Chandler House Condominium association recently renovated the common deck with stairs to the beach and rebuilt the seawall. Pets are allowed for owners and renters.Condo fees have proven to be an excellent value as they include on-site concierge-level management, complete rental services, cleanings, flood & master insurance, electric, water, gardening, maintenance and reserves. This is ideal for owners who want their home managed worry-free.Offered furnished with some exclusions.Even with a partial year availability, the 2023 net rental income was $52K.

Property Details

Price:
$1,495,000
MLS #:
22401658
Status:
Active
Beds:
1
Baths:
2
Address:
481 Commercial Street # U1
Type:
Condo
Subtype:
Condominium
City:
Provincetown
Listed Date:
Apr 21, 2024
State:
MA
Finished Sq Ft:
1,131
ZIP:
02657
Lot Size:
7,841 sqft / 0.18 acres (approx)
Year Built:
1950

Schools

Interior

Appliances
Dishwasher, Washer, Microwave, Refrigerator, Electric Range, Dryer – Electric, Water Heater, Electric Water Heater
Bathrooms
2 Full Bathrooms
Cooling
Wall Unit(s)
Fireplaces Total
1
Flooring
Carpet, Hardwood

Exterior

Parking Features
Assigned
Roof
Pitched

Financial

Buyer Agent Compensation
2.50%
HOA Fee
$1,246
HOA Frequency
Monthly
HOA Includes
Flood Insurance, Reserve Funds, Professional Property Management, Insurance
Tax Year
2024
Taxes
$6,031

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As a lifelong resident of the outer Cape I was the third generation to pick up the mantel in the family construction business. In my early twenties, I called the Cape my home on weekends as I spent several years working for a variety of off-Cape commercial construction companies. My commercial site supervision resume includes two supermarkets, two HUD projects, a funeral home and a handful of steel industrial buildings as well as various restaurant and office remodels. Prior to striking out on m…

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481 Commercial Street # U1
Provincetown, MA