Be part of New England history with this Multi-Family home in the heart of Ipswich. Built in 1841 on picturesque Summer street, the well-loved "Cotton-Nourse House" is close to downtown, the library, and the Ipswich River. This property includes two townhouse-style units with separate driveways and entrances. Updates include new electrical throughout the home, new siding and insulation. Kitchens have been updated with new countertops, paint, and flooring, and baths have been fully renovated as well. Original exposed beams and woodwork showcase the historic nature of the property. Full walk-up attic could have additional living area potential. Some walls and flooring need care. This two-unit home is a great investment opportunity to rent one or both units, and enjoy the wonderful and friendly community of Ipswich and all the amenities, charm and beauty of the neighborhood!
This home has been viewed 43 times
Last Checked: May 7th, 2024 at 1:51am (Source: MLS PIN #73074688)
Gross Income: $0
Gross Expenses: $7,575
Net Income Calc: $7,575
CAP Rate: -0.96%
Beach Front
Annual Expenses for 4-6 Summer St, Ipswich MA 01938
Total Gross Expenses (Calculated)$7,575/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$7,575
Annual Income & Unit Breakdown for 4-6 Summer St, Ipswich MA 01938
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit2
HeatingYes
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit2
HeatingYes
Rent Includes
General Information for 4-6 Summer St, Ipswich MA 01938
Listing ID73074688
Property TypeMulti Family / 2 Family
Price$789,000 ($294.84/SqFt)
Style2 Family - 2 Units Side By Side
CityIpswich
CountyEssex
MLS Area
Neighborhood(s)Ipswich
Approximate Living Area Total2,676 SqFt
Approximate Lot Size (Acres)0.18 acres
Total Parking6
Garage Parking
Year Built1930
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesLevel
Foundation Area
Foundation DescriptionBrick/Mortar
Accessible Features
Outdoor Space
ZoningIR
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront FeaturesBeach Front
Energy Features
Terms
Disclosures for 4-6 Summer St, Ipswich MA 01938
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$0
Total Net Income By Broker$0
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 4-6 Summer St, Ipswich MA 01938
Real Estate Taxes$7,575
Tax Year2023
Assessed Value$619,400
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$0
BostonRealEstate.com Gross Income
Total Net Income By Broker$0
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)-0.96%
Location Information for 4-6 Summer St, Ipswich MA 01938
Elementary SchoolWinthrop
Middle SchoolIpswich
High SchoolIpswich
Neighborhood(s)Ipswich
MLS Area
Area AmenitiesWalk/jog Trails, Conservation Area, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Pool, Tennis Court(s), Stable(s), Marina
Contact Information for 4-6 Summer St, Ipswich MA 01938