**Don't contact seller - in process of renting out** miss one of the finest, most extraordinary multi-family investment properties located in the heart of downtown Newburyport! This property is a true gem and is in excellent condition - it boasts 3 large units, each with 2 p...
This home has been viewed 37 times
Last Checked: May 7th, 2024 at 1:21am (Source: MLS PIN #73035714)
Gross Income: $116,400
Gross Expenses: $8,934
Net Income Calc: $107,466
CAP Rate: 6.33%
Beach Front
Annual Expenses for 24-26 Strong St, Newburyport MA 01950
Total Gross Expenses (Calculated)$8,934/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$8,934
Annual Income & Unit Breakdown for 24-26 Strong St, Newburyport MA 01950
Total Gross Income (Calculated)$116,400
Unit 1
Rental Income$2,500
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 2
Rental Income$3,400
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 3
Rental Income$3,800
LeaseN
Bedrooms3
Bathrooms2 Full
Floor2
Levels in Unit2
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
General Information for 24-26 Strong St, Newburyport MA 01950
Listing ID73035714
Property TypeMulti Family / 3 Family
Price$1,699,000 ($414.39/SqFt)
Style3 Family
CityNewburyport
CountyEssex
MLS Area
Neighborhood(s)Ipswich
Approximate Living Area Total4,100 SqFt
Approximate Lot Size (Acres)0.11 acres
Total Parking6
Garage Parking
Year Built1850
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesLevel, Cleared
Foundation Area
Foundation DescriptionStone,Brick/Mortar
Accessible Features
Outdoor Space
ZoningTBD
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront FeaturesBeach Front
Energy Features
Terms
Disclosures for 24-26 Strong St, Newburyport MA 01950
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourceOwner
Title 5
Exclusions
Disclosures
Financial Data SourceOwner
Total Gross Expenses By Broker$0
Total Gross Income By Broker$116,400
Total Net Income By Broker$116,400
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2
Facilitator Compensation2
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 24-26 Strong St, Newburyport MA 01950
Real Estate Taxes$8,934
Tax Year2022
Assessed Value$743,900
Financial Data SourceOwner
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$116,400
BostonRealEstate.com Gross Income
Total Net Income By Broker$116,400
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)6.33%
Location Information for 24-26 Strong St, Newburyport MA 01950
Elementary SchoolBresnahan
Middle SchoolMolin/Nock
High SchoolNbpt High
Neighborhood(s)Ipswich
MLS Area
Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation, T-station, Tennis Court(s), Marina, Private School
Contact Information for 24-26 Strong St, Newburyport MA 01950