50 Market St

    Amesbury, MA 01913
    • $609,000
    • STATUS: Under Agreement
    • MLS #: 72310238
    Pending
    $609,000
    • 8
      BEDS
    • 0.1
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 3,933
      SQFT
    • $155
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1890
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Stephen Martin of Wellsco, Llc.

    Description

    BACK ON MARKET - DUE TO BUYER'S FINANCING - 100% FULLY OCCUPIED BUILDING - 6 UNIT INVESTMENT PROPERTY IN DOWNTOWN AMESBURY!! - GROSS INCOME IS BELOW MARKET AND IS STILL OVER $60k PER YEAR!!! - Excellent Location, Walk to everything! Well-maintained 6-unit building in downtown Amesbury. 5 residential units and 1 commercial unit. Unit Mix consists of: (2) 1 bedrooms and (3) 2 bedrooms and (1) 600 sqft retail space. All units are rented! Located in town, just a few feet away to all that downtown Amesbury has to offer: shops, restaurants, breweries, coffee shops and more. Building is 100% occupied with mostly long term tenants. Below market rents, low operating expenses. See attached INCOME & EXPENSE BREAKDOWN. Tenants pay their own heat and electric. Property is priced to sell. 2 New Water Heaters recently installed. Potential to add Coin-Op Laundry On-Site to generate extra revenue. Need 48 hours to show

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2018-08-17T23:49:23.57.
    www.adoema.com/homes/82682287

    50 Market St Amesbury, MA 01913

    • Price: $609,000
    • Status: Under Agreement
    • MLS #: 72310238
    8
    Beds
    6
    Baths
    0
    ½ Baths
    0.1
    Acres
    3,933
    SQFT
    $155
    $/SQFT
    1890
    Built
    Neighborhood:
    Other
    County:
    Essex
    Area:
    Other
    Property Description
    BACK ON MARKET - DUE TO BUYER'S FINANCING - 100% FULLY OCCUPIED BUILDING - 6 UNIT INVESTMENT PROPERTY IN DOWNTOWN AMESBURY!! - GROSS INCOME IS BELOW MARKET AND IS STILL OVER $60k PER YEAR!!! - Excellent Location, Walk to everything! Well-maintained 6-unit building in downtown Amesbury. 5 residential units and 1 commercial unit. Unit Mix consists of: (2) 1 bedrooms and (3) 2 bedrooms and (1) 600 sqft retail space. All units are rented! Located in town, just a few feet away to all that downtown Amesbury has to offer: shops, restaurants, breweries, coffee shops and more. Building is 100% occupied with mostly long term tenants. Below market rents, low operating expenses. See attached INCOME & EXPENSE BREAKDOWN. Tenants pay their own heat and electric. Property is priced to sell. 2 New Water Heaters recently installed. Potential to add Coin-Op Laundry On-Site to generate extra revenue. Need 48 hours to show
    Exterior Features

    Beachfront No Color Green Exterior Clapboard Foundation FieldstoneBrick Garage Spaces 0 Lot Description Zero Lot LineFenced/EnclosedSlopingSteep Slope Parking Features On Street Permit Parking Spaces 0 Road Type Public Waterfront Flag No

    Interior Features

    Basement No Bedrooms Unit1 1 Bedrooms Unit2 2 Bedrooms Unit3 2 Bedrooms Unit4 1 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Fireplaces Unit4 0 Flooring Wood Floors Unit1 1 Floors Unit2 1 Floors Unit3 1 Floors Unit4 1 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Hot Water Natural Gas Levels 3 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Levels Unit4 1 Rooms 18 Rooms Unit1 3 Rooms Unit2 3 Rooms Unit3 4 Rooms Unit4 4

    Property Features

    Amenities Public TransportationShoppingParkWalk/Jog TrailsBike Path Apod Available Yes Assessments 321500.00 Disclosure No Disclosures Next Showing Tuesday June 12Th At 6Pm - Please Arrive A Few Minutes Early Expenses Source Owner Provided Expenses Year End 12/17 Gross Operating Income 60300 Lead Paint Unknown Lease Unit1 N Lease Unit2 N Lease Unit3 N Lease Unit4 Y Lender Owned No Multifamily Type 5-9 Family Net Operating Income 47550 Rent Unit1 900 Rent Unit2 950 Rent Unit3 900 Rent Unit4 950 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Public Record Tax Year 2018 Taxes 6105.00 Utility Connections For Gas Range Water City/Town Water Year Built Description Approximate Year Built Source Public Record Zoning R8

    Listing information © 2018 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Stephen Martin of Wellsco, Llc.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2018-08-17T23:49:23.57.
     
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    Listing courtesy of Stephen Martin of Wellsco, Llc.