314 Gifford Street #1U, Falmouth, MA 02540 (MLS # 22501467)
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Discover a unique investment opportunity in the mixed-use Falmouth's Homeport complex. This lower level 2-bedroom, 2-bathroom condo, currently undergoing remodeling, features an open-concept living and kitchen area with two large windows with window wells that bring in natural light. The space is fully framed, with electrical and plumbing in place, and holds all necessary residential permits following recent rezoning to residential use. Accessible via stairs leading down to a recessed courtyard, the condo offers both a main entrance and a secondary side door. While most units in the complex are used for medical or professional offices, several have been converted to residential use, offering potential for flexible occupancy. With its ample on-site parking and its proximity to downtown Falmouth, this unit offers strong potential for rental income and is an excellent opportunity for investors looking to capitalize on consistent demand in a sought-after location. The property is being sold as is and will not be completed by the current owner, making it a compelling option for buyers ready to take on the finishing work and realize its full potential.
| DAYS ON MARKET | 32 | LAST UPDATED | 4/23/2025 |
|---|---|---|---|
| YEAR BUILT | 1980 | COUNTY | Barnstable |
| STATUS | Active | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| PRICE HISTORY | |
| Prior to Apr 23, '25 | $260,000 |
|---|---|
| Apr 23, '25 - Today | $240,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater, Tankless Water Heater |
| CONSTRUCTION | Clapboard, Shingle Siding |
| HOA DUES | 982|Quarterly |
| SEWER | Private Sewer |
| STORIES | 1 |
| TAXES | 597 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Keller Williams Realty
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