Investment Overview
Farmhouse Residences is a well-maintained 9-unit multifamily asset featuring 100% occupancy, long-tenured residents, recent capital improvements, ancillary laundry income, and a strong NOI of $165,496. With operating expenses below 20%, minimal turnover, and convenient access to Route 3, Route 3A, Kingston Station, and Cape Cod Bay, the property offers investors durable, low-maintenance cash flow and secure rental income.
Investment Highlights
- Stable income with low turnover and historical vacancy
- Low operating costs
- Full renovation in 2016
- Ancillary income from on-site washer and dryer