Cheryl Caldwell - William Raveis - The Dolores Person Group

333 Merrimac St, Newburyport, MA 01950

Multi-Family

$439,000
Price
$400,000
Sale Price

2
Units
2,117
Approx. GLA
RARE OPPORTUNITY - BEST VALUE ON THE MARKET! - CURRENTLY 2 UNITS w/ Opportunity TO ADD 3rd UNIT!!! Well maintained Property. Both units in great condition. Great development opportunity for condo conversion OR hold and rent either 2 or 3 units. Cash Cow Potential. Across the street from the Merrimac River. Plenty of off street parking. Property is zoned R3 - Less than a mile to downtown Newburyport's shops, restaurants, all the wonderful events (1)-2bedroom unit, (1)-1bedroom unit. Gross rents are $32,400/ year with additional 3rd unit could be at least $48,000/year (PROJECTED). See attached proposed architect plans. All utilities have been separated. Both units are tenant at will and have been there for 3.5 years. Washer & Dryer in each unit.
Highlights
Sale Price: $400,000
Settled Date: 2/1/2017 12:00:00 AM
List Price: $439,000
Type: Multi-Family
Multi-Family Type: 2 Family
Status: Sold
Beds: 3
Baths: 2
Units: 2
Year Built: 1933
Approx. GLA: 2,117
MLS#: 72082534
Interior
Basement: No
Cooling Units: See Details Now
Cooling Zones: See Details Now
Electricity Cost: See Details Now
Electric Features: See Details Now
Heating Units: See Details Now
Heating Zones: See Details Now
Flooring: See Details Now
Energy: See Details Now
Fireplaces: See Details Now
Hot Water: See Details Now
Rooms: 6
Green Certification: See Details Now
Lead Paint: See Details Now
Total Floors: 2
UFFI: See Details Now
Exterior
Water: See Details Now
Facing: See Details Now
Acres: 0.12
Lot Size: 5,265.00
Lot Description: See Details Now
Foundation: See Details Now
Foundation Size: See Details Now
Waterfront: See Details Now
Waterview Feat.: See Details Now
Garage Spaces: See Details Now
Parking Spaces: 6
Parking Features: See Details Now
Road Type: See Details Now
Color: See Details Now
Construction: See Details Now
Roof Material: See Details Now
Utility: See Details Now
Exterior: See Details Now
Exterior Features: See Details Now
Sewer/Water: See Details Now
Water: See Details Now
Water: See Details Now
Sewage District: See Details Now
Taxes
Short Sale Lender Approval: See Details Now
Title 5: See Details Now
Lender Owned: No
APOD Available: See Details Now
Assessed Price: $380,000
Taxes: $5,088
Tax Year: 2016
Book/Page: See Details Now
Zoning: See Details Now
Warranty Available: See Details Now
School
Grade School: See Details Now
Middle School: See Details Now
High School: See Details Now
Beach
Beach: See Details Now
Miles to Beach: See Details Now
Beach Description: See Details Now
Beach Ownership: See Details Now
Expenses
Expenses Source: See Details
Gross Income: See Details
Gross Expenses: See Details
Total Rent: See Details
Net Income: See Details
Gas Cost: See Details
Heat Cost: See Details
Insurance Cost: See Details
Management Cost: See Details
Refuse Cost: See Details
R&M Cost: See Details
Sewer Cost: See Details
Water Cost: See Details
Misc. Cost: See Details
 
Additional
Amenities: See Details Now
Exclusions: See Details Now
Disclosure Declaration: See Details Now
Disclosure: See Details Now
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 5 2 0 1 1 0 No 1 $1,500
Unit 2 3 1 0 2 1 0 No 1 $1,200
Units Extras
Unit 1
Applicances:  Range, Dishwasher, Refrigerator, Washer, Dryer  Rooms:  Living Room, Dining Room, Kitchen, Family Room, Office/Den 
Unit 2
Applicances:  Range, Dishwasher, Washer, Dryer  Rooms:  Living Room, Dining Room, Kitchen, Mudroom 
Map
The listing office is Wellsco, LLC and the listing agent is Stephen Martin. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/14/2017 10:35:00 PM.
 
Cheryl Caldwell
Cheryl Caldwell
REALTOR®
William Raveis - The Dolores Person Group