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$400,000
- Status Sold
- Property Type Multi-family
- Sold Date February 01 2017
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Represented Seller
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About This Property
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.
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