Overview Property Details Payment Calculator Walkability

Canceled

59-61 Main St, Rockport MA 01966

$1,975,000

Estimated $3,677.87/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $395,000

Total Rent: 39000/year

Estimated CAP Rate: 1.69%

3 Bedrooms

4 Full Baths

2,490 SqFt

Total Parking: 2

1,999 SqFt

Fully renovated commercial & residential multi-unit property perched directly above Front Beach, offering five turnkey, income-producing units with steps down to the water and stunning, unobstructed views of Sandy Bay and the Atlantic Ocean. A familiar street front prese...

This home has been viewed 88 times

Last Checked: October 7th, 2024 at 4:44pm (Source: MLS PIN #73224611)

Gross Income: $39,000

Gross Expenses: $5,705

Net Income Calc: $33,295

CAP Rate: 1.69%

Water Views

Beach Front

Beach Access

Annual Expenses for 59-61 Main St, Rockport MA 01966

Total Gross Expenses (Calculated)$5,705/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,705

Annual Income & Unit Breakdown for 59-61 Main St, Rockport MA 01966

Total Gross Income (Calculated)$39,000

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 3(water), Unit 1(heat, Unit 2(heat, Water), Unit 4(heat, Electric)

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 3(water), Unit 1(heat, Unit 2(heat, Water), Unit 4(heat, Electric)

Unit 3

Rental Income$1,400

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 3(water), Unit 1(heat, Unit 2(heat, Water), Unit 4(heat, Electric)

Unit 4

Rental Income$1,850

LeaseY

Bedrooms

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 3(water), Unit 1(heat, Unit 2(heat, Water), Unit 4(heat, Electric)

General Information for 59-61 Main St, Rockport MA 01966

Listing ID73224611

Property TypeMulti Family / 5+ Family

Price$1,975,000 ($793.17/SqFt)

Style5-9 Family

CityRockport

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total2,490 SqFt

Approximate Lot Size (Acres)0.05 acres

Total Parking2

Garage Parking

Year Built1850

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping, Easements

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningG

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront FeaturesDirect Access, Frontage, Public, Ocean, Sound, Walk To, Access, Beach Front, Beach Ownership(public), 0 To 1/10 Mile To Beach, Waterfront, Beach Access

Energy FeaturesThermostat

Terms

Disclosures for 59-61 Main St, Rockport MA 01966

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureIncludes MG | but not studio space (10x17) and add

Building Area SourceMeasured

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated, Owner

Total Gross Expenses By Broker$0

Total Gross Income By Broker$150,000

Total Net Income By Broker$49,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 59-61 Main St, Rockport MA 01966

Real Estate Taxes$5,705

Tax Year2024

Assessed Value$677,600

Financial Data SourceEstimated, Owner

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$150,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$49,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.69%

Location Information for 59-61 Main St, Rockport MA 01966

Elementary SchoolRes

Middle SchoolRms

High SchoolRhs

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, House Of Worship, Public School, Shopping, Golf, Park, Laundromat, Public Transportation, T-station, Tennis Court(s), Stable(s), Marina, Sidewalks

Contact Information for 59-61 Main St, Rockport MA 01966

Agent

Name: Amanda Armstrong Group

MLS ID: TM337166

Office ID: AN6818

Office

Name: Compass

MLS Office ID: AN6818

Phone: 781-534-9229

Team Members

Payment Calculator

$12,644.74 per month

30 Years Fixed, 6.75% Interest

Property Taxes $475.42

Principal & Interest $12,169.32

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

Amanda Armstrong Group

Agent Phone

Office Phone

(781) 534-9229

Text Agent Call Agent Call Office

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    [description] => Fully renovated commercial & residential multi-unit property perched directly above Front Beach, offering five turnkey, income-producing units with steps down to the water and stunning, unobstructed views of Sandy Bay and the Atlantic Ocean. A familiar street front presence in the village for nearly a century, the property is just steps from world-renowned Shalin-Liu Performance Center and the many galleries, shops, and restaurants of picturesque Main Street. The two street-facing commercial spaces are currently rented as art galleries, while the three residential units in the rear are rented YR/seasonally. A rare opportunity to own a mint condition property in the heart of Rockport that can be used as commercial/rental units or as in-town vacation getaway or year-round residence for extended family—any of which will let you realize the dream of waterfront living in one of the North Shore’s most desirable seaside communities. Includes two parking spaces. Located in Historic District.
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[terms] => Array
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        )

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)

EXIT

Canceled

59-61 Main St, Rockport MA 01966

$1,975,000

Annual Expenses for 59-61 Main St, Rockport MA 01966

Annual Income & Unit Breakdown for 59-61 Main St, Rockport MA 01966

General Information for 59-61 Main St, Rockport MA 01966

Disclosures for 59-61 Main St, Rockport MA 01966

Financial Information for 59-61 Main St, Rockport MA 01966

Location Information for 59-61 Main St, Rockport MA 01966

Contact Information for 59-61 Main St, Rockport MA 01966

Agent

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Amanda Armstrong Group