Beautiful Spot, Cash Flow, Upside Potential Padanaram Cottages, South Dartmouth, MA

The below property sold on August 16, 2019. If you are interested in buying or selling in South Dartmouth, you can contact Betsy Lawrence at blawrence@landvest.com.

  Thinking the equity market feels a little risky? Bond yields too low? Looking for income with potential for capital appreciation? Padanaram Cottages offers an unusual combination of value-add real estate: in-place cash flow that can be increased over time through renovations or repositioning, and a balance of risk and return.

Cash-positive investment property with upside potential is a rare opportunity in Coastal New England.

The Cottages

The Padanaram Harbor Cottages, set on the Upper Harbor in South Dartmouth, Massachusetts, is a rarely-available multifamily property. Located on a 22-acre generational farm, most of the 15 residential rental units are winterized with views and surrounding acreage protected by a conservation restriction. The 12 structures total 16,943 gross square feet of building area. They are set on an open site facing the harbor with a private cove. The units have been rented under market-rate for years, so there is upside gross income potential.

The Village

Padanaram Village, a picturesque seaside village anchoring the South Dartmouth economy, is located just across the harbor. Padanaram is an active maritime community that has undergone a major revitalization. A diverse collection of new retail services include a market, home design stores, a spa, a yoga studio, and several restaurants.

Detailed income and expense statements are available to qualified buyers following the execution of a confidentiality agreement. For more information, or to schedule a property tour, please contact Betsy Lawrence, Sandy Olney, or Chris Roller.