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Expired

5 Northern Blvd, Newbury MA 01951

$999,999

Estimated $2,063.16/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $333,333

Total Rent: 51600/year

Estimated CAP Rate: 4.03%

6 Bedrooms

3 Full Baths

1,700 SqFt

Total Parking: 9

6,499 SqFt

Incredible opportunity for the investor or builder who wants to break into the Plum Island Market. Legal three-unit property directly across from the ocean. Property has excellent rental income history for both annual and short-term vacation rentals. Live in one unit and rent the other two! Or develop three units with amazing ocean views! Possibilities for this property are numerous and the potential is great. Property is being sold as is. Buyer to assume betterment.

This home has been viewed 18 times

Last Checked: May 7th, 2024 at 12:26pm (Source: MLS PIN #73131856)

Gross Income: $51,600

Gross Expenses: $11,300

Net Income Calc: $40,300

CAP Rate: 4.03%

Water Views

Beach Front

Annual Expenses for 5 Northern Blvd, Newbury MA 01951

Total Gross Expenses (Calculated)$11,300/year

APOD AvailableYes

Heating$2,000

Electricity

Water$1,200

Gas$1,200

Insurance$2,000

Sewer$1,200

Trash Removal$400

Repair & Maintenance$400

Management

Miscellaneous

Real Estate Tax$5,300

Annual Income & Unit Breakdown for 5 Northern Blvd, Newbury MA 01951

Total Gross Income (Calculated)$51,600

Unit 1

Rental Income$1,400

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,450

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,450

Lease

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 5 Northern Blvd, Newbury MA 01951

Listing ID73131856

Property TypeMulti Family / 3 Family

Price$999,999 ($588.23/SqFt)

Style3 Family - 3 Units Side By Side

CityNewbury

CountyEssex

MLS AreaPlum Island

Neighborhood(s)Ipswich

Approximate Living Area Total1,700 SqFt

Approximate Lot Size (Acres)0.15 acres

Total Parking9

Garage Parking

Year Built1930

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionSlab

Accessible Features

Outdoor Space

ZoningRes

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront FeaturesDirect Access, Ocean, Walk To, Beach Front, 0 To 1/10 Mile To Beach

Energy Features

Terms

Disclosures for 5 Northern Blvd, Newbury MA 01951

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceAccountant

Total Gross Expenses By Broker$6,000

Total Gross Income By Broker$60,000

Total Net Income By Broker$50,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 5 Northern Blvd, Newbury MA 01951

Real Estate Taxes$5,300

Tax Year2020

Assessed Value$320,200

Financial Data SourceAccountant

Total Gross Expenses By Broker$6,000

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$60,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$50,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.03%

Location Information for 5 Northern Blvd, Newbury MA 01951

Elementary SchoolNewbury Element

Middle SchoolTriton

High SchoolTriton

Neighborhood(s)Ipswich

MLS AreaPlum Island

Area Amenities

Contact Information for 5 Northern Blvd, Newbury MA 01951

Agent

Name: Vincent Godin

Office

Name: Plum Island Properties

Phone: 561-271-5518

Payment Calculator

, Interest

Property Taxes 441.67

Principal & Interest 6161.68

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Plum Island Properties

Vincent Godin

Agent Phone

Office Phone

(561) 271-5518

Text Agent Call Agent Call Office

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    [description] => Incredible opportunity for the investor or builder who wants to break into the Plum Island Market. Legal three-unit property directly across from the ocean. Property has excellent rental income history for both annual and short-term vacation rentals. Live in one unit and rent the other two!  Or develop three units with amazing ocean views! Possibilities for this property are numerous and the potential is great. Property is being sold as is. Buyer to assume betterment.
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[owner_occupancy_source] => 
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[pasture_area] => None
    [patio_and_porch] => Array
        (
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[perc_test] => Array
        (
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[perc_test_date] => Unknown
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[road_frontage_type] => Array
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[uffi] => Array
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EXIT

Expired

5 Northern Blvd, Newbury MA 01951

$999,999

Annual Expenses for 5 Northern Blvd, Newbury MA 01951

Annual Income & Unit Breakdown for 5 Northern Blvd, Newbury MA 01951

General Information for 5 Northern Blvd, Newbury MA 01951

Disclosures for 5 Northern Blvd, Newbury MA 01951

Financial Information for 5 Northern Blvd, Newbury MA 01951

Location Information for 5 Northern Blvd, Newbury MA 01951

Contact Information for 5 Northern Blvd, Newbury MA 01951

Agent

Office

Payment Calculator

Exclusive Listing Agent

Plum Island Properties

Vincent Godin