Dennis Multi-Family Homes
Dennis, located in the center of Cape Cod in Barnstable County, is a seaside resort with colonial mansions located between the Cape Cod Bay and Nantucket Sound. Due to the city's location, it has 16 beaches that residents can easily access. The old Cape's Bay Colony Railway right-of-way has become the Cape Cod Rail Trail, one of several bike trails in the city. The city consists of five villages, all with their own business districts.
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- Town Center
- East side
- West side
- Port
The city has 6,933 housing units with 78-percent owner-occupied. The median home value is $497,123 with an appreciation rate of 88.33-percent since 2000, which averages 3.58-percent per year. Most of the homes were built between 1940 and 1999 with 10.8-percent built before 1939, 39.7-percent built between 1940 and 1969, 44.5-percent built between 1970 and 1999, and 5-percent built since 2000. The housing units are 82.1-percent single family housing, 2.5-percent townhomes, 6.4-percent small apartment buildings, 7.8-percent apartment complexes, 1.0-percent mobile homes, and 0.1-percent other housing units. The median rent in the city is $1,449 per month.
The city has a population of 14,001. It is a city of both year-round residents and seasonal residents who own vacation homes there. This means that many businesses are only open during the high season. The city has a fairly equal mixture of blue- and white-collar workers, and residents spend about 24 minutes commuting to work. Among the residents, 38.35-percent have a bachelor's degree or higher. The per capita income was $39,290, and the median household income was $55,506, as reported by the 2010 census.
Since this city is a seasonal resort community, it is a unique market. So if you are considering investment property in this area, it is a good idea to hire an expert to help you explore all the issues involved in investing here. Our knowledgeable and experienced real estate agents can give you a complete market analysis. In addition to the usual considerations, they can help you decide which market(s) you want to target, what properties are best, how to keep the property occupied, and how to get the best return on your investment. Our real estate agent will consider current market trends in the area, potential changes in the market, any zoning restrictions, and any potential development. Since there are fewer investment properties in this city compared with other cities, you could find yourself competing with other buyers for a property. Our agent will help place a bid and negotiate with the seller in a manner that will help give you an edge over other buyers without paying too much for the property. Our goal is to help make the purchase of a multi-family housing unit easier for you and make the investment one that will remain positive for you in the long term future.
If you have rental property in this city that you want to sell, let one of our experienced and knowledgeable agents help you create a marketing plan. We know the area and can advise you on a good price that will give you room for negotiation. This market is small, so you could have multiple potential buyers, but it also has a lot of seasonal residents. So, buyers could be concerned about the year-round occupancy rate. We will help you develop a market plan and qualify buyers so that you sell your property quickly and at a good price.
With the special considerations in this market, contact us to buy or list a multi-family property in Dennis.
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