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$530,000
4 bed
3 bath
1,352 sfsquare feet
0.4232acacres
109 Franklin Terrace, Vineyard Haven, 02568

109 Franklin Terrace, Vineyard Haven MA 02568

Great investment opportunity for this house/guesthouse close to the village - just 3/4 mile to the ferry terminal. Main house rents for $26,000 every year to the same business for its summer help (renter pays in advance and uses only April - November; they pay an additional $3000 for utilities). Main house is Ranch style with three bedrooms, two full bathrooms, kitchen, dining area, living room, laundry room, deck, and large outdoor shower. In addition there is a very separate and private guesthouse with its own driveway and garage. The guesthouse has had several recent updates including wainscoting, new monitor heater, and stone retaining walls. In addition to open plan kitchen, dining area, living room, guesthouse has a deck, screen porch, and loft for overflow guests. Both homes come mostly furnished. Rent the main house and live in the guest house, or vice versa. Either way, you reduce your mortgage to where OWNING a property on Martha's Vineyard is much less than the cost of renting. UNOCCUPIED AND EASY TO SHOW.
Listing Courtesy of Wallace & Co. Sotheby's International Realty
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Mark D. Jenkins

774.263.3196
508.627.3313
mark@wallacemv.com
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DETAILS

  • Mls Id
    27351
  • Bedrooms
    4
  • Full Baths
    3
  • Appliances
    Stove: 2, Washer: 2
  • Water Source
    Town
  • Flooring
    Main hse- 1 floor/Guest hse - 1 1/2 floors
  • Foundation
    52 x 25
  • Year Built
    1974
  • Exterior Features
    Deck, Garden, Porch, Community Tennis Court, Beach Access - Public, Porch - Screened
  • Other Structures
    Charming guest home consisting of one bedroom plus a loft.  Open floor plan with full bath, laundry room, screened porch, and a full basement that is used as a garage.
  • Association Amenities
    Outdoor Shower
  • Parking Features
    2 parking areas
  • Sewer
    Septic Tank
  • Heating
    None
  • Basement
    Main house half-basement has a dirt floor with vapor barrier and dehumidifier with buried hose.
  • Utilities
    Cable
  • Lot Features
    Front and back lawn
  • Interior Features
    Floor 1: 3 bedrooms, 1 with bathroom en suite.
  • Furnished
    Furnished
  • Zoning
    R10
  • Listing Updated
    Wednesday, October 13, 2021, 10:52 PM
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HomepageWallace & Co. Sotheby's International Realty - Martha's Vineyard Real Estate

P.O. Box 2005
One North Water Street
Edgartown, MA 02539

Edgartown Office: 508.627.3313
Chilmark Office: 508.645.5044
Vacation Rentals: 508.627.6772

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