$703,000
$675,000
4.1%For more information regarding the value of a property, please contact us for a free consultation.
61 Market St Amesbury, MA 01913
7 Beds
3 Baths
2,472 SqFt
Key Details
Sold Price $703,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,472 sqft
Price per Sqft $284
MLS Listing ID 73076886
Sold Date 03/16/23
Bedrooms 7
Full Baths 3
Year Built 1750
Annual Tax Amount $8,512
Tax Year 2023
Lot Size 3,049 Sqft
Acres 0.07
Property Description
Fantastic in-town location; just a couple blocks from all the action of downtown Amesbury bars, restaurants, shops, cafes and more. Rarely available, 3 unit w/ loads of charm & character featuring an updated 3 bed/1 bath potential owners unit w granite counter-tops, stainless-steel appliances, washer/dryer, wide-pine floors, architectural glass front door and parking for 1-2 cars. Private backyard oasis/patio for entertaining or just a place to chill and relax. Unit 2 & Unit 3 are small and easy to manage 2 bed,1 bath units. Current rents are below market. Perfect opportunity for buyer to make a some cosmetic improvements and live in one unit while collecting rent from the other units. All units have separate electric. CURRENT Rent Roll = $64,800; CURRENT Operating Expenses = @ $16,000; Net Operating Income $48,800 - Represents a 7% Cap Rate. Projected Income should be closer to $75,000 with some cosmetic improvements. Opportunity to Airbnb or Condo Convert as well with city approval.
Location
State MA
County Essex
Zoning CB
Direction Google
Rooms
Basement Full
Interior
Fireplaces Number 2
Exterior
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access
Waterfront Description Beach Front, Lake/Pond, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Total Parking Spaces 1
Garage No
Building
Story 5
Foundation Block, Stone, Brick/Mortar
Sewer Public Sewer
Water Public
Others
Acceptable Financing Contract
Listing Terms Contract
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Bought with Leshia Crestin • Churchill Properties