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88 Water
Newburyport, MA. 01950

Essex County

Directions: Located on Water Street in downtown Newburyport, a short way from
Market Square

MLS # 4837628 - Sold

List Price $1,175,000 Zoning C
List Date   Lot Size 2,613SF
Sale Price $1,200,000 Est. Street Front 0
Sold Date 1/22/21 Depth 0
Assessed Value   Waterfront No
Days on Market   Taxes $6,807.00
Square Footage 0 Tax Year 2020
# Units 0 Parking Spaces 0
Fantastic 5 unit Mixed Use (Multi-Family/ Retail) investment property, with 4 apartments and one retail space presently fit up as a hair salon on a .06 acre lot. Current rents may be under market, and the landlord currently pays for heat, making this a possible Value Add opportunity. The property is serviced by oil-fired hot water heat, separate hot water heaters and electric meters for each unit, and city water. According to public records, the structure has clapboard siding, asphalt shingles, and plastered walls. Recent capital improvements include a new roof (2011), windows (2015), furnace (2016), and electric service (2015-2019). The salon space was updated in 2014 including their own heat pump. Street and municipal parking are available. All current tenants are TAW. All information was obtained from the owner, public records, and other sources deemed to be trustworthy. Prospective buyers are encouraged to perform all due diligence necessary to confirm measurements, zoning, suitability for the buyer's intended purpose, and all other aspects. 24-hour notice required, DO NOT approach any of the tenants.
Listing Office: Keller Williams Realty Success Listing Agent: Janet Faulkner
Building Info
Ceiling Height   8.0
# Docks   0
# Drive Doors   0
Basement   Yes
Construction   Wood Frame
Exterior   Clapboard
Foundation   Stone
Type   Commercial Sale
Additional Information
Deed   Page: 9236 Off Market Date   11/8/20

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Property Last Updated by Listing Office: 1/22/21 4:20pm

Courtesy: NEREN

Listing Office: Keller Williams Realty Success Listing Agent: Janet Faulkner

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