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61 Market St, Amesbury MA 01913

$675,000

Estimated $1,803.84/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $225,000

Total Rent: 64800/year

Estimated CAP Rate: 7.06%

7 Bedrooms

3 Full Baths

2,472 SqFt

Total Parking: 1

2,840 SqFt

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 home has been viewed 41 times

Last Checked: May 7th, 2024 at 12:26am (Source: MLS PIN #73076886)

Gross Income: $64,800

Gross Expenses: $17,112

Net Income Calc: $47,688

CAP Rate: 7.06%

Beach Front

Annual Expenses for 61 Market St, Amesbury MA 01913

Total Gross Expenses (Calculated)$17,112/year

APOD AvailableYes

Heating$3,100

Electricity

Water$1,800

Gas$1,800

Insurance$2,500

Sewer$1,800

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,512

Annual Income & Unit Breakdown for 61 Market St, Amesbury MA 01913

Total Gross Income (Calculated)$64,800

Unit 1

Rental Income$2,700

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit3

HeatingNo

Rent Includes

Unit 2

Rental Income$1,200

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,500

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 61 Market St, Amesbury MA 01913

Listing ID73076886

Property TypeMulti Family / 3 Family

Price$675,000 ($273.06/SqFt)

Style3 Family

CityAmesbury

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,472 SqFt

Approximate Lot Size (Acres)0.07 acres

Total Parking1

Garage Parking

Year Built1750

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionBlock,Stone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningCB

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesBeach Front, Beach Ownership(public), 1/2 To 1 Mile To Beach, Lake/pond

Energy Features

Terms

Disclosures for 61 Market St, Amesbury MA 01913

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated, Pro. Forma Available

Total Gross Expenses By Broker$15,900

Total Gross Income By Broker$64,800

Total Net Income By Broker$48,900

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 61 Market St, Amesbury MA 01913

Real Estate Taxes$8,512

Tax Year2023

Assessed Value$520,900

Financial Data SourceEstimated, Pro. Forma Available

Total Gross Expenses By Broker$15,900

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$64,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$48,900

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.06%

Location Information for 61 Market St, Amesbury MA 01913

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, Shopping, Park, Public Transportation

Contact Information for 61 Market St, Amesbury MA 01913

Agent

Name: Stephen Martin

Office

Name: Lux Realty North Shore

Phone: 978-922-1000

Team Members

Payment Calculator

, Interest

Property Taxes 709.33

Principal & Interest 4159.14

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lux Realty North Shore

Stephen Martin

Agent Phone

Office Phone

(978) 922-1000

Text Agent Call Agent Call Office

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[perc_test] => Array
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[terms] => Array
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)

EXIT

Closed

61 Market St, Amesbury MA 01913

$675,000

Annual Expenses for 61 Market St, Amesbury MA 01913

Annual Income & Unit Breakdown for 61 Market St, Amesbury MA 01913

General Information for 61 Market St, Amesbury MA 01913

Disclosures for 61 Market St, Amesbury MA 01913

Financial Information for 61 Market St, Amesbury MA 01913

Location Information for 61 Market St, Amesbury MA 01913

Contact Information for 61 Market St, Amesbury MA 01913

Agent

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Exclusive Listing Agent

Lux Realty North Shore

Stephen Martin