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Expired

49 Northern Blvd, Newbury MA 01951

$1,875,000

Estimated $3,551.13/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $937,500

Total Rent: 0/year

Estimated CAP Rate: -1.89%

5 Bedrooms

2 Full Baths

2,246 SqFt

Total Parking: 17

7,971 SqFt

Discover the epitome of coastal living—a newly rebuilt multi-use gem that’s as lucrative as it is lovely. This stunning property boasts 5 bdrms, 2 bathrooms, and energy-efficient enhancements. Each unit features brand-new kitchens and bathrooms, complete with new flooring, custom trim, and vaulted ceilings, creating an open, airy ambiance. Fully furnished & turn key ready, this residence not only offers a comfortable living experience but also serves as a profitable business opportunity, thanks to separate utilities and commercial parking spaces. Whether you’re starting your day with sunrise views or enjoying passive rental income, this property ensures every box is checked. Step into a life of sand, surf, and superb income potential at this prime location. Perfect for those who appreciate both quality construction and potential earnings. Welcome home to your beachside retreat and investment combined.

This home has been viewed 142 times

Last Checked: December 26th, 2024 at 5:18pm (Source: MLS PIN #73257045)

Gross Income: $0

Gross Expenses: $35,378

Net Income Calc: $35,378

CAP Rate: -1.89%

Water Views

Beach Front

Annual Expenses for 49 Northern Blvd, Newbury MA 01951

Total Gross Expenses (Calculated)$35,378/year

APOD AvailableYes

Heating

Electricity$3,000

Water$600

Gas$600

Insurance$7,048

Sewer$600

Trash Removal$600

Repair & Maintenance

Management$15,000

Miscellaneous

Real Estate Tax$6,130

Annual Income & Unit Breakdown for 49 Northern Blvd, Newbury MA 01951

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent Includes

General Information for 49 Northern Blvd, Newbury MA 01951

Listing ID73257045

Property TypeMulti Family / 2 Family

Price$1,875,000 ($834.82/SqFt)

Style2 Family - 2 Units Up/down

CityNewbury

CountyEssex

MLS AreaPlum Island

Neighborhood(s)Ipswich

Approximate Living Area Total2,246 SqFt

Approximate Lot Size (Acres)0.18 acres

Total Parking17

Garage Parking

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping, Level, Corner Lot, Cleared

Foundation Area

Foundation DescriptionBlock

Accessible Features

Outdoor Space

ZoningAR4

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront FeaturesDirect Access, Ocean, Sound, Walk To, Beach Front, Beach Ownership(public), 0 To 1/10 Mile To Beach

Energy FeaturesThermostat,Varies per Unit

Terms

Disclosures for 49 Northern Blvd, Newbury MA 01951

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosurebuyer to confirm all measurements. 2 Units current

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$10,648

Total Gross Income By Broker$142,949

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 OnCompensation Offered But Not In Mls

Financial Information for 49 Northern Blvd, Newbury MA 01951

Real Estate Taxes$6,130

Tax Year2024

Assessed Value$798,200

Financial Data SourceOwner

Total Gross Expenses By Broker$10,648

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$142,949

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-1.89%

Location Information for 49 Northern Blvd, Newbury MA 01951

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS AreaPlum Island

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, Shopping, Public Transportation, Marina, Sidewalks

Contact Information for 49 Northern Blvd, Newbury MA 01951

Agent

Name: Brenda Mavroules Brophy

MLS ID: C8001548

Office ID: AN5067

National Association ID: 454004933

State: NH

Office

Name: RE/MAX Innovative Properties

MLS Office ID: AN3560

Phone: 603-434-4101

Team Members

Name: Alexis Brophy

MLS ID: CN244376

Office ID: AN5067

Phone: 978-697-2313

State: NH

Payment Calculator

, Interest

Property Taxes 510.83

Principal & Interest 11553.15

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Innovative Properties

Brenda Mavroules Brophy

Agent Phone

Office Phone

(603) 434-4101

Text Agent Call Agent Call Office

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                )

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)

)

EXIT