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50 market st amesbury, MA
Listing 72310238
  • Beds 8
  • Baths 5
  • sqft 3,933
$580,000
  • Status Sold
  • Property Type Multi-family
  • Sold Date October 01 2018

About This Property

100% FULLY OCCUPIED BUILDING - 6 UNIT INVESTMENT PROPERTY IN DOWNTOWN AMESBURY!! - GROSS INCOME IS BELOW MARKET AND IS STILL OVER $60k PER YEAR!!! - Excellent Location, Walk to everything! Well-maintained 6-unit building in downtown Amesbury. 5 residential units and 1 commercial unit. Unit Mix consists of: (2) – 1 bedrooms and (3) – 2 bedrooms and (1) 600 sqft retail space. All units are rented! Located in town, just a few feet away to all that downtown Amesbury has to offer: shops, restaurants, breweries, coffee shops and more. Building is 100% occupied with mostly long term tenants. Below market rents, low operating expenses. See attached INCOME & EXPENSE BREAKDOWN. Tenants pay their own heat and electric. Property is priced to sell. 2 New Water Heaters recently installed. Potential to add Coin-Op Laundry On-Site to generate extra revenue.

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