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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
Commercial/Industrial
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 |
|
Remarks:
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.
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