J. Barrett & Company
Tina McManus, J. Barrett & CompanyPhone: (978) 473-2154
Email: [email protected]
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listing
1 of 38
MultifamilySold
List Price $675,000
Sold Price $703,000
61 Market St
Amesbury, MA 01913
Courtesy of Lux Realty North Shore - Stephen Martin
MLS Property Information Network
7Beds
3Baths
2,472Sq Ft
Est. Mortgage
$3,584/mo

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.

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Information courtesy of Lux Realty North Shore is subject to verification and is not guaranteed.
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