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Expired

24-26 Strong St, Newburyport MA 01950

$1,699,000

Estimated $3,499/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $566,333.33

Total Rent: 116400/year

Estimated CAP Rate:

7 Bedrooms

Baths

4100

Total Parking: 6

4,752 (0.11)

**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 parking spaces, 2 large outdoor yard spaces, and in-unit laundry for all. Unit 1: Wonderful 1 bed/1bath with new kitchen, hardwood floors, and new bathroom; approx. 800 square feet. Unit 2: 3 bedrooms, plus an office space, hardwood floors, 2 levels of living space, approx. 1600 sq feet. Unit 3: Prime 3 bed/2 full bath unit in mint condition, boasting updated kitchen and appliances, 2 living spaces, private 2 car driveway, private fenced in yard space, approx. 1700 sq. feet (with opportunity to expand in semi-finished walk-up attic). This unit is also a wonderful owner-occupied option for those looking to live in downtown NBPT while having tenants pay your mortgage!

This home has been viewed 57 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

Water Views

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 Tax8934

Annual Income & Unit Breakdown for 24-26 Strong St, Newburyport MA 01950

Total Gross Income (Calculated)$116,400

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit2

Rent IncludesHeat

General Information for 24-26 Strong St, Newburyport MA 01950

Listing ID73035714

Property TypeMulti Family / 3 Family

Price1699000 ($414.39/SqFt)

Style3 Family

CityNewburyport

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total4100

Approximate Lot Size (Acres)0.11

Total Parking6

Garage Parking0

Year Built1850

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningTBD

Water ViewsNo

Water Views Features

Waterfront FeaturesRiver

Terms

Disclosures for 24-26 Strong St, Newburyport MA 01950

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOwner

ExclusionsPersonal Belongings

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

Facilitator Compensation2

Compensation Based OnNet Sale Price

Financial Information for 24-26 Strong St, Newburyport MA 01950

Real Estate Taxes8934

Tax Year2022

Assessed Value$743,900

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 24-26 Strong St, Newburyport MA 01950

Elementary SchoolBresnahan

Middle SchoolMolin/Nock

High SchoolNbpt High

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 24-26 Strong St, Newburyport MA 01950

Agent

Name: Deanna Shelley

Office

Name: Bentley's

Phone: 978-572-1200

Payment Calculator

, Interest

Property Taxes 744.5

Principal & Interest 10468.7

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Bentley's

Deanna Shelley

Agent Phone

Office Phone

(978) 572-1200

Text Agent Call Agent Call Office

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    [unparsed] => 24-26 Strong St, Newburyport MA 01950
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EXIT

35 More Photos

Expired

24-26 Strong St, Newburyport MA 01950

$1,699,000

Annual Expenses for 24-26 Strong St, Newburyport MA 01950

Annual Income & Unit Breakdown for 24-26 Strong St, Newburyport MA 01950

General Information for 24-26 Strong St, Newburyport MA 01950

Disclosures for 24-26 Strong St, Newburyport MA 01950

Financial Information for 24-26 Strong St, Newburyport MA 01950

Location Information for 24-26 Strong St, Newburyport MA 01950

Contact Information for 24-26 Strong St, Newburyport MA 01950

Agent

Office

Payment Calculator

Exclusive Listing Agent

Bentley's

Deanna Shelley