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Closed

9 State Street, Marblehead MA 01945

$1,695,000

Estimated $3,642/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $282,500

Total Rent: 60600/year

Estimated CAP Rate:

6 Bedrooms

Baths

6104

Total Parking: 7 (2 Garage)

5,104 (0.12)

9 State Street, often referred to as "The Oakum Bay Building", consists of a combination of one bedroom and studio rental units plus the offices, workshops, and the third floor loft workshop previously used for Ralph Hulsman's boat canvas company. The building is well located on State Street, less than 1/8th of a mile to the harbor and in the center of the downtown commercial area. The driveway widens in the rear of the building offering parking space for many of the tenants. There is also a 2-car garage that is currently rented @ $200/month. Several of the tenants are long standing residents, attesting to the value of the location. The building was built in the late 1700's, quite possibly as a single family home, and still retains some of the charm of that era-starting with the well worn front wide pine steps. There are 2 gas heating systems, FHA and FHW (2021- Navian), a 75 gallon gas hot water tank, and three circuit breaker electrical boards. The roof was replaced in 2017.

This home has been viewed 69 times

Last Checked: May 7th, 2024 at 12:50am (Source: MLS PIN #73065015)

Gross Income: $60,600

Gross Expenses: $33,927

Net Income Calc: $26,673

Water Views

Annual Expenses for 9 State Street, Marblehead MA 01945

Total Gross Expenses (Calculated)$33,927/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax10727.24

Annual Income & Unit Breakdown for 9 State Street, Marblehead MA 01945

Total Gross Income (Calculated)$60,600

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 9 State Street, Marblehead MA 01945

Listing ID73065015

Property TypeMulti Family / 5+ Family

Price1695000 ($277.69/SqFt)

Style5-9 Family

CityMarblehead

CountyEssex

MLS AreaOld Town

Neighborhood(s)Ipswich

Approximate Living Area Total6104

Approximate Lot Size (Acres)0.12

Total Parking7 (2 Garage)

Garage Parking2

Year Built1770

Year Built SourceOwner

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningHist

Water ViewsNo

Water Views Features

Waterfront FeaturesRiver

Terms

Disclosures for 9 State Street, Marblehead MA 01945

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBasement Fridge

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation0

Compensation Based OnNet Sale Price

Financial Information for 9 State Street, Marblehead MA 01945

Real Estate Taxes10727.24

Tax Year2022

Assessed Value$1,019,700

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 9 State Street, Marblehead MA 01945

Elementary SchoolPublic/Private

Middle SchoolPublic/Private

High SchoolPublic

Neighborhood(s)Ipswich

MLS AreaOld Town

Area AmenitiesWalk/jog Trails

Contact Information for 9 State Street, Marblehead MA 01945

Agent

Name: Mary Stewart & Heather Kaznoski

Office

Name: Coldwell Banker Realty - Marblehead

Phone: 781-631-9511

Payment Calculator

, Interest

Property Taxes 893.94

Principal & Interest 10444.05

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Marblehead

Mary Stewart & Heather Kaznoski

Agent Phone

Office Phone

(781) 631-9511

Text Agent Call Agent Call Office

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            [phone] => 781-631-9511
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    [unparsed] => 9 State Street, Marblehead MA 01945
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EXIT

39 More Photos

Closed

9 State Street, Marblehead MA 01945

$1,695,000

Annual Expenses for 9 State Street, Marblehead MA 01945

Annual Income & Unit Breakdown for 9 State Street, Marblehead MA 01945

General Information for 9 State Street, Marblehead MA 01945

Disclosures for 9 State Street, Marblehead MA 01945

Financial Information for 9 State Street, Marblehead MA 01945

Location Information for 9 State Street, Marblehead MA 01945

Contact Information for 9 State Street, Marblehead MA 01945

Agent

Office

Payment Calculator

Exclusive Listing Agent

Coldwell Banker Realty - Marblehead

Mary Stewart & Heather Kaznoski