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47 Washington Street, Ipswich MA 01938

$749,000

Estimated $1,671.08/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $374,500

Total Rent: 42600/year

Estimated CAP Rate: 4.27%

3 Bedrooms

2 Full Baths

1,674 SqFt

Total Parking: 6

7,148 SqFt

1890 (LEAD compliant) 2 family Antique Colonial located in desirable downtown Ipswich. Are you looking for an investment property, wish to owner occupy, or convert to single family home or condos? Great investment opportunity no matter what your desire for this property. Many beautiful original details & built-ins throughout this home including pine flooring in many rooms. Newly painted exterior. Large shared fenced in back yard for tenants enjoyment w/ access from both unit's decks. Separate heat & hot water. Water/sewer & electric are paid by owner. Rents are under market value. Located conveniently close to schools, train into Boston, shops, restaurants, playground, YMCA, library, banks, etc ... Don't delay in making your investment into beautiful historic Ipswich just in time to enjoy our awarding winning Crane's Beach!

This home has been viewed 61 times

Last Checked: October 7th, 2024 at 4:39pm (Source: MLS PIN #73251231)

Gross Income: $42,600

Gross Expenses: $10,620

Net Income Calc: $31,980

CAP Rate: 4.27%

Beach Front

Annual Expenses for 47 Washington Street, Ipswich MA 01938

Total Gross Expenses (Calculated)$10,620/year

APOD AvailableYes

Heating

Electricity$2,318

Water$2,823

Gas$2,823

Insurance

Sewer$2,823

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,479

Annual Income & Unit Breakdown for 47 Washington Street, Ipswich MA 01938

Total Gross Income (Calculated)$42,600

Unit 1

Rental Income$1,450

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(electric, Water), Unit 1(electric

Unit 2

Rental Income$2,100

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 2(electric, Water), Unit 1(electric

General Information for 47 Washington Street, Ipswich MA 01938

Listing ID73251231

Property TypeMulti Family / 2 Family

Price$749,000 ($447.43/SqFt)

Style2 Family - 2 Units Up/down

CityIpswich

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total1,674 SqFt

Approximate Lot Size (Acres)0.16 acres

Total Parking6

Garage Parking

Year Built1890

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Cleared

Foundation Area736

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningIR

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesRiver, Bay, Ocean, Sound, Beach Front, Beach Ownership(public)

Energy Features

Terms

Disclosures for 47 Washington Street, Ipswich MA 01938

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure1st floor unit 2nd bdrm doesn't afford privacy but

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$2,823

Total Gross Income By Broker$42,600

Total Net Income By Broker$42,600

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 47 Washington Street, Ipswich MA 01938

Real Estate Taxes$5,479

Tax Year2024

Assessed Value$481,500

Financial Data SourceOwner

Total Gross Expenses By Broker$2,823

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$42,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$42,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.27%

Location Information for 47 Washington Street, Ipswich MA 01938

Elementary School

Middle SchoolIpswich

High SchoolIpswich

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, House Of Worship, Public School, Shopping, Golf, Park, Laundromat, Bike Path, Public Transportation, T-station, Tennis Court(s), Stable(s), Sidewalks

Contact Information for 47 Washington Street, Ipswich MA 01938

Agent

Name: Sonia Johnson

Office

Name: eXp Realty

Phone: 888-854-7493

Payment Calculator

, Interest

Property Taxes 456.58

Principal & Interest 4615.1

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

eXp Realty

Sonia Johnson

Agent Phone

Office Phone

(888) 854-7493

Text Agent Call Agent Call Office

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                )

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)

)

EXIT