13 S Orleans Rd

Orleans MA 02653

310 sq. ft.

Condo

Currently for sale - view listing

Overview

This is not your typical condo. Located directly on Town Cove, this individually owned unit at The Cove offers a truly hands-off Cape Cod investment. The property is professionally operated motel-style by full-time staff, meaning no bookings to manage, tenants to deal with, maintenance calls or late-night issues. Owners receive their share of proceeds via monthly direct deposit based on The Cove's established percentage schedule. This unit generated approximately $10,600 in owner income last year after The Cove's percentage was deducted. The owner's only regular out-of-pocket property expense is quarterly taxes. Utilities, maintenance, housekeeping and operating expenses are handled through the property's percentage structure. The unit operates year-round, is waterfront on beautiful Town Cove and allows owners up to 14 days of personal use per year, subject to housekeeping expenses and property rules. A unique opportunity to own waterfront Orleans real estate without the responsibilities of managing a rental. No booking calendars. No upset tenants. No 2 AM calls. Just collect your proceeds.