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Canceled

74 Martin St, Essex MA 01929

$1,897,000

Estimated $4,013.31/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $948,500

Total Rent: 66000/year

Estimated CAP Rate: 2.89%

0 Bedrooms

Baths

3,000 SqFt

Total Parking: 20

29,000 SqFt

Presenting an exceptional mixed-use building with an abundance of possibilities! Situated amidst the serene beauty of the Great Marsh and adjacent to a scenic coastal walking path, this property offers two additional commercial spaces to ignite your entrepreneurial spirit. Imagine a campus-style setting with ample off-street parking for 20 cars, complemented by convenient on-street parking. Adding to its charm, the grounds feature an inviting English Garden, lending a touch of elegance to the office environment inside to discover two generously sized executive offices or retail units, each spanning over 2000 square feet, promising ample space and versatility. Additionally, there's a standalone single office space with its own separate entry, perfect for fostering productivity and independence enhancing its appeal is a spacious two-story residential apartment, offering comfortable living quarters. Adjacent to the parking area stands a separate two-story barn.

This home has been viewed 107 times

Last Checked: December 20th, 2024 at 5:19am (Source: MLS PIN #73238497)

Gross Income: $66,000

Gross Expenses: $11,248

Net Income Calc: $54,752

CAP Rate: 2.89%

Water Views

Annual Expenses for 74 Martin St, Essex MA 01929

Total Gross Expenses (Calculated)$11,248/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$11,248

Annual Income & Unit Breakdown for 74 Martin St, Essex MA 01929

Total Gross Income (Calculated)$66,000

Unit 1

Rental Income$2,500

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent Includes

Unit 2

Rental Income$3,000

LeaseN

Bedrooms3

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

HeatingYes

Rent Includes

General Information for 74 Martin St, Essex MA 01929

Listing ID73238497

Property TypeMulti Family / 2 Family

Price$1,897,000 ($632.33/SqFt)

Style2 Family - 2 Units Side By Side

CityEssex

CountyEssex

MLS AreaEssex Falls

Neighborhood(s)Ipswich

Approximate Living Area Total3,000 SqFt

Approximate Lot Size (Acres)0.67 acres

Total Parking20

Garage Parking

Year Built1860

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCleared

Foundation Area2100

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningA00

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 74 Martin St, Essex MA 01929

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureApartment #1 2 stories 1 or 2 Bed rooms, Apartment

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$66,000

Total Net Income By Broker$66,000

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 74 Martin St, Essex MA 01929

Real Estate Taxes$11,248

Tax Year2024

Assessed Value$763,500

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$66,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$66,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.89%

Location Information for 74 Martin St, Essex MA 01929

Elementary SchoolMan/Esx Elem

Middle SchoolMan/Esx Ms

High SchoolMan/Esx Hs

Neighborhood(s)Ipswich

MLS AreaEssex Falls

Area Amenities

Contact Information for 74 Martin St, Essex MA 01929

Agent

Name: Richard Tomaiolo

Office

Name: Essex Realty Group

Phone: 978-857-6421

Payment Calculator

, Interest

Property Taxes 937.33

Principal & Interest 11688.71

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Essex Realty Group

Richard Tomaiolo

Agent Phone

Office Phone

(978) 857-6421

Text Agent Call Agent Call Office

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                    [enabled] => 1
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                    [modified] => 2024-12-20 05:19:13
                )

[21] => Array
                (
                    [id] => 60034201
                    [name] => MLS22.jpg
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                    [index] => 22
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                    [modified] => 2024-12-20 05:19:13
                )

[22] => Array
                (
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                    [index] => 23
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                    [modified] => 2024-12-20 05:19:13
                )

[23] => Array
                (
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                    [index] => 24
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                    [modified] => 2024-12-20 05:19:13
                )

[24] => Array
                (
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                    [index] => 25
                    [enabled] => 1
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                    [modified] => 2024-12-20 05:19:13
                )

[25] => Array
                (
                    [id] => 60034205
                    [name] => MLS26.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73238497&w=1024&h=768&n=26
                    [index] => 26
                    [enabled] => 1
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                    [modified] => 2024-12-20 05:19:13
                )

[26] => Array
                (
                    [id] => 60034206
                    [name] => MLS27.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73238497&w=1024&h=768&n=27
                    [index] => 27
                    [enabled] => 1
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                    [modified] => 2024-12-20 05:19:13
                )

[27] => Array
                (
                    [id] => 60034207
                    [name] => MLS28.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73238497&w=1024&h=768&n=28
                    [index] => 28
                    [enabled] => 1
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                    [modified] => 2024-12-20 05:19:13
                )

[28] => Array
                (
                    [id] => 60034208
                    [name] => MLS29.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73238497&w=1024&h=768&n=29
                    [index] => 29
                    [enabled] => 1
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                    [modified] => 2024-12-20 05:19:13
                )

[29] => Array
                (
                    [id] => 60034209
                    [name] => MLS30.jpg
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                    [index] => 30
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                    [modified] => 2024-12-20 05:19:13
                )

[30] => Array
                (
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                )

[31] => Array
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                    [index] => 32
                    [enabled] => 1
                    [created] => 2024-12-20 05:19:13
                    [modified] => 2024-12-20 05:19:13
                )

)

)

EXIT