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Agent Name: Jeffrey Lee
Agent Email: jefflee@leerealestate.com
Agent Phone: 508-325-5800
Mid Island - 163 Orange Street
Main Photo
Asking Price: $2,800,000
Original Price: $3,900,000 Type: Multi-Family
Lot Size (Acres): 0.14 Sq. Ft. (GLA): 2607
Total Rooms: 12 LINK ID: 89300
Beds/Baths: 4/5.5 Status: Available
Furnished: Un-Furnished Owner: 163 Orange St Realty Trust
Make this your family compound or keep as three separate residential units or condo all of them. Rare opportunity commercial mid island multifamily. Highly sought-after location. 6 parking spaces. Nicely landscaped with a back yard, brick walkways, hedges and privacy fencing. Loads of potential as an owner/occupied business and rental unit, extended family use, employee housing, year-round or short-term rentals, or set up a condominium. Situated across the street from three Land Bank properties. Walking distance to grocery store, five restaurants and take out establishments. Sidewalk to town or access to Old South Road and Milestone Road bike paths. NRTA Wave shuttle has five loops that pass by. Formerly operated as the Fogged Inn having four one-bedroom suites, first floor laundry room and owner’s quarters upstairs. Renovated in 2002 using the studio apartment as an antique shop and the other side converted to a one-bedroom rental apartment with owners living above. Sold in 2004 as a three-unit apartment building. First floor studio and one-bedroom apartments each with full bathrooms, kitchens and patio areas. Second and third floor unit has two primary bedrooms with private bathrooms and a powder room with a stacked washer/dryer off the living area. The second floor has new appliances and rooms with amazing water views of the Monomoy creeks. New sidewall shingles, asphalt roof, gutters, doors, mahogany deck, lawn and freshly painted. May continue to use commercial/residential, convert into one large residence or separate the units into condominiums. This area allows for up to 38 feet height which could maximize the view and living space with the installation of a dormer and windows across the front of the third floor. Could add a widow's walk. CMI zoning allows for an additional 1,155 sf of ground cover and a total of six bedrooms. The seller intends to participate in a 1031 exchange.
Property / Parcel Info
Map: 0055
Parcel: 176.5
Zoning: CMI
Plan:
Deed Ref.: 0886/0056
Lot #: B PLFL43-E
Water: Town
Sewer: Town
Easements: Access driveway easement with 165 Orange Street
Water Frontage: None
Water Views: Harbor
Other Views: Harbor
Lead Paint: No
Second Dwelling: None
Taxes and Fees
Assessment Year: 2022
Land Assessment: $713,200
Building Assessment: $511,500
Total Assessment: $1,224,700
Estimated Taxes: $4,263.00
Building Information
Year Built: 1995
Year Renovated: 2021
# of Rooms: 12
Total # of Bedrooms 4
First Floor Bedrooms: 2
# of Full Bathrooms 5
Half Baths 1
Fireplaces:
Floors: 3
Heat: Electric
Yard: Yes
Parking: 6
Foundation: Full basement
Other Buildings:
Outdoor Spaces/Recreation: Deck, Garden, Patio, Porch
Appliances & Other Amenities
Stove: 3
Refrigerator: 3
Dishwasher: 2
Washer: 2
Dryer: 2
TV Service Type: Cable
Amenities: Alarm, Disposal, Insulation
Descriptions / Comments
Basement: Full walk down basement with utility and storage areas, gas hot water heater and full bathroom.
1st Floor: Covered front porch. Two apartments. A studio with accessible ramp (which could be turned back into a one-bedroom apartment by closing off the wall with a doorway) and a one-bedroom apartment. Each have kitchens and brick or slate patio areas. Front porch. Pergo and linoleum flooring. Separate laundry room.
2nd Floor: The third owner's apartment has new hardwood floor, tile and vanities in the second and third floors. Kitchen counter made of Carrera marble. New appliances on the second floor. Mahogany deck with views of the creeks.
3rd Floor: Bedroom and bathroom with new hardwood flooring. Closets and attic for storage. May add a front dormer to the 3rd floor for amazing water views.
Other Structures: Front porch and second floor deck. Separately metered electric for all three apartments with one additional meter for the basement and common areas. Propane gas for common hot water heater and second floor stove.
Second Dwelling:
Map
Listing has been viewed 1271 times.
 DocumentDate Added
Plot Plan (pdf, jpg)4/6/2022
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Price Changes
Original Asking: 3,900,000
  1. 7/16/2022-$3,610,000- -7.44 %
  2. 9/14/2022-$2,800,000- -22.44 %
Discount From Original: 28.21 %
Listing Updates
4/15/2022-New Listing
9/9/2022-Off Market
9/14/2022-Return To Market
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