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14-18 Market St, Newburyport MA 01950

$1,495,000

Estimated $3,125.72/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $498,333.33

Total Rent: 88800/year

Estimated CAP Rate: 4.34%

7 Bedrooms

3 Full Baths

3,312 SqFt

Total Parking: 0

3,000 SqFt

Build your legacy by being the investor who capitalizes on the historically strong and currently flourishing rental market in Newburyport - jump on this opportunity to purchase one of Newburyport’s best in-town 3-family investment property. 1031 Exchange Option! This well positioned property offers a compelling investment opportunity with a strong rental history and the potential for growth in this thriving market. The property is located in a well desired area in downtown Newburyport close to shops, restaurants and marinas and is an ideal location for tenants! The city's strong rental demand, driven by its appealing lifestyle and prime location, ensures that these units are well-positioned for continued success. Property recently went through an exterior refresh and is now ready for sale! Schedule a showing today to start building your investment portfolio in Newburyport!

This home has been viewed 38 times

Last Checked: November 7th, 2024 at 5:19am (Source: MLS PIN #73291442)

Gross Income: $88,800

Gross Expenses: $23,869

Net Income Calc: $64,931

CAP Rate: 4.34%

Beach Front

Annual Expenses for 14-18 Market St, Newburyport MA 01950

Total Gross Expenses (Calculated)$23,869/year

APOD AvailableNo

Heating

Electricity

Water$2,250

Gas$2,250

Insurance$2,700

Sewer$2,250

Trash Removal

Repair & Maintenance$2,000

Management

Miscellaneous$8,500

Real Estate Tax$8,419

Annual Income & Unit Breakdown for 14-18 Market St, Newburyport MA 01950

Total Gross Income (Calculated)$88,800

Unit 1

Rental Income$2,200

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 2

Rental Income$2,400

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 3

Rental Income$2,800

Lease

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit3

HeatingNo

Rent IncludesNo

General Information for 14-18 Market St, Newburyport MA 01950

Listing ID73291442

Property TypeMulti Family / 3 Family

Price$1,495,000 ($451.39/SqFt)

Style3 Family

CityNewburyport

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total3,312 SqFt

Approximate Lot Size (Acres)0.07 acres

Total Parking0

Garage Parking

Year Built1780

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesNo

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

Zoning1050

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Beach Front, Beach Ownership(public), 1 To 2 Mile To Beach

Energy Features

Terms

Disclosures for 14-18 Market St, Newburyport MA 01950

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$13,200

Total Gross Income By Broker$77,100

Total Net Income By Broker$63,900

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 14-18 Market St, Newburyport MA 01950

Real Estate Taxes$8,419

Tax Year2024

Assessed Value$844,400

Financial Data SourceOwner

Total Gross Expenses By Broker$13,200

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$77,100

BostonRealEstate.com Gross Income

Total Net Income By Broker$63,900

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.34%

Location Information for 14-18 Market St, Newburyport MA 01950

Elementary SchoolBresnahan

Middle SchoolRa Nock

High SchoolNhs

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Bike Path, T-station, Marina, Private School

Contact Information for 14-18 Market St, Newburyport MA 01950

Agent

Name: Krissy Ventura

Office

Name: RE/MAX Bentley's

Phone: 978-572-1200

Payment Calculator

, Interest

Property Taxes 701.58

Principal & Interest 9211.71

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Bentley's

Krissy Ventura

Agent Phone

Office Phone

(978) 572-1200

Text Agent Call Agent Call Office

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    [description] => Build your legacy by being the investor who capitalizes on the historically strong and currently flourishing rental market in Newburyport - jump on this opportunity to purchase one of Newburyport’s best in-town 3-family investment property.  1031 Exchange Option!  This well positioned property offers a compelling investment opportunity with a strong rental history and the potential for growth in this thriving market.  The property is located in a well desired area in downtown Newburyport close to shops, restaurants and marinas and is an ideal location for tenants!  The city's strong rental demand, driven by its appealing lifestyle and prime location, ensures that these units are well-positioned for continued success.  Property recently went through an exterior refresh and is now ready for sale!  Schedule a showing today to start building your investment portfolio in Newburyport!
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[owner_occupancy_source] => 
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[pasture_area] => None
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[perc_test] => Array
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    [state_code] => MA
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    [team] => Array
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[terms] => Array
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[uffi] => Array
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[unit_1_bathrooms] => 1 Full
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        )

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[water_views] => Array
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EXIT

Withdrawn

14-18 Market St, Newburyport MA 01950

$1,495,000

Annual Expenses for 14-18 Market St, Newburyport MA 01950

Annual Income & Unit Breakdown for 14-18 Market St, Newburyport MA 01950

General Information for 14-18 Market St, Newburyport MA 01950

Disclosures for 14-18 Market St, Newburyport MA 01950

Financial Information for 14-18 Market St, Newburyport MA 01950

Location Information for 14-18 Market St, Newburyport MA 01950

Contact Information for 14-18 Market St, Newburyport MA 01950

Agent

Office

Payment Calculator

Exclusive Listing Agent

RE/MAX Bentley's

Krissy Ventura