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.
This listing has been viewed 5 times in the past 207 days
Last Updated: May 7th, 2024 at 12:26am
Walk/jog Trails
Highway Access
Shopping
Park
Public Transportation
General Information for 61 Market St, Amesbury, Massachusetts 01913
Property TypeResidential Income
Property Sub TypeMulti Family
Price$675,000
Price per sqft$273.06
MLS #73076886
Handicap Access / FeaturesNo
List Date2023-02-07
Special Listing Conditions
StateMassachusetts
Street NameMarket St
CityAmesbury
Zip Code01913
CountyEssex
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones
Sold Date16/03/2023
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total2472
Building Area Units0
CarportNo
Close Date16/03/2023
Close Price$703,000
Covered Parking Spaces0
Listing Service
UnparsedAddress61 Market St, Amesbury MA 01913
Zoning
Interior Features for 61 Market St, Amesbury, Massachusetts 01913
* Approx. Living Area Total2,472 sq ft
Living Area Includes BasementNo
Bedrooms7
* # Fireplaces2
Bathrooms (Total)3
Full Baths3
* # Half Baths0
* # Rooms
Basement
Heating System
Appliances
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door Features
ElectricNo
Electric$0
MLS Area (Major)
MLSPIN_BEDRMS_13
MLSPIN_BEDRMS_22
MLSPIN_BEDRMS_32
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_31
MLSPIN_F_BTHS_4
MLSPIN_GRE$15,900
MLSPIN_HTE$3,100
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_4
OffMarketDate11/02/2023
Exterior Features for 61 Market St, Amesbury, Massachusetts 01913
* Approximate Lot Size0.07 acres
Covered Parking Spaces0
Lot Features
* Parking Spaces1
* Sewer Utilities
* Water Utilities
* Year Built1750
Year Built Details
Year Built SourcePublic Records
Construction Materials
Exterior Features
Foundation Area
Foundation MaterialsBlock,Stone,Brick/Mortar
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)2,840 Sqft
Disclosures for 61 Market St, Amesbury, Massachusetts 01913
Buyer Agent Compensation2
Contingency
FinancingConv. Fixed
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation1
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 61 Market St, Amesbury, Massachusetts 01913
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceEstimated, Pro. Forma Available
Gross Income$64,800
Insurance Expense$2,500
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_13
MLSPIN_LEVELS_21
MLSPIN_LEVELS_31
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT12700
MLSPIN_RENT21200
MLSPIN_RENT31500
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$284
NetOperatingIncome$48,900
OperatingExpense$15,900
OriginalListPrice$675,000
RENT_FEE_INCLUDES
TOTAL_RENT5400
WaterSewerExpense$1,800
Lifestyle Information for 61 Market St, Amesbury, Massachusetts 01913
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features1/2 To 1 Mile To Beach, Beach Front, Beach Ownership(public), Lake/pond
Location information for 61 Market St, Amesbury, Massachusetts 01913
Elementary School
Middle School
High School
NumberOfUnitsTotal3
Marketing History for 61 Market St, Amesbury, Massachusetts 01913
MLSPIN_MARKET_TIME_BROKER4
MLSPIN_MARKET_TIME_PROPERTY4
PurchaseContractDate2023-02-11
Agent Information for 61 Market St, Amesbury, Massachusetts 01913