163 Orange Street

Nantucket, MA 02554

$2,800,000
4
beds
5
Baths
1
Half Bath
Multi Family Townhouse

AGENTS

Douglas Elliman
Douglas Elliman

Property Description

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 owners 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.
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PROPERTY DETAILS

  • Exterior
    .14 Acres
  • Property Type
    Multi Family Townhouse
  • MONTHLY REAL ESTATE TAX
    $355
  • ANNUAL REAL ESTATE TAX
    $4,263
  • Year Built
    1995
  • MLS/Listing ID
    89300

BUILDING/PROPERTY DETAILS

  • Air Conditioning
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Listing Courtesy of Grey Lady Properties

LOCATION

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TRAVEL TIMEFROMNantucket
TYPE OF TRANSPORTATION