50 Market St Amesbury, MA 01913-2424

Sold Price: $580,000

Est. Payment:

  • 8 Beds
  • 6 Baths
  • 3933 SqFt
  • $ 155 / SqFt

About This Property

BACK ON MARKET - DUE TO BUYER'S FINANCING - 100% FULLY OCCUPIED BUILDING - 6 UNIT INVESTMENT PROPERTY IN DOWNTOWN AMESBURY!! - GROSS INCOME IS BELOW MARKET AND IS STILL OVER $60k PER YEAR!!! - Excellent Location, Walk to everything! Well-maintained 6-unit building in downtown Amesbury. 5 residential units and 1 commercial unit. Unit Mix consists of: (2) – 1 bedrooms and (3) – 2 bedrooms and (1) 600 sqft retail space. All units are rented! Located in town, just a few feet away to all that downtown Amesbury has to offer: shops, restaurants, breweries, coffee shops and more. Building is 100% occupied with mostly long term tenants. Below market rents, low operating expenses. See attached INCOME & EXPENSE BREAKDOWN. Tenants pay their own heat and electric. Property is priced to sell. 2 New Water Heaters recently installed. Potential to add Coin-Op Laundry On-Site to generate extra revenue. Need 48 hours to show

MLS® #72310238
Price$609,000
Bedrooms8
Bathrooms6.00
Full Baths6
Square Footage3,933
Acres0.10
Year Built1890
TypeMulti-Family
Sub-Type5-9 Family
StatusSold
Address50 Market St
CityAmesbury
CountyEssex
StateMA
Zip Code01913-2424
AgentStephen Martin
OfficeWellsco, LLC

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