Off Market
119 Elm St, Amesbury, MA
Amesbury · MA 01913
- $1,290,000
- Price
- 11
- Beds
- 5
- Baths
- 5859
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1880
Units:
5 Units
Lot size:
0.33 Acre Lot
Price per square foot:
$220 / Sq.Ft
Parking:
10 Off Street Spaces
About this home
Value Add Investment: Well-maintained five-unit multifamily in a fantastic in-town location near the heart of Amesbury. Four units are TAW, one unit has a recently signed lease. The unit mix is four 2 bedroom, one 3 bedroom. This is a value add investment, with the opportunity to move to market rents as tenants turnover. The current gross income is $106,200, with an NOI of $81,690, which put the current cap rate at 6.4%. Additionally, a large yard to the rear offers substantial parking and additional possibilities to expand the property. Separately metered units, all tenants pay their own utilities. Recent renovations include a newer roof, windows, and Unit 1 has been refreshed including appliances, hardwood, and a new furnace. Elm Street recently underwent a complete transformation by the state with new paving, sidewalks, and bike lanes. Demographics and rental demand are very strong in Amesbury, a lovely, walkable city.
Neighborhood & Transit
119 Elm St, Amesbury · MA 01913
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 1399 days
- Listing Price:
- $1,290,000
- Price per Sq.Ft:
- $220
- Tax Assessment:
- $753,600 in 2022
- Taxes:
- $1,111 / Monthly
Home Facts
Interior Features
- Bedrooms
- 11
- Full Bathrooms
- 5
- Half Bathrooms
- 0
- Living Area
- 5,859 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- Unknown
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 110 Volts
Exterior Features
- Lot Size
- 14,580 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 10 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Faulkner Commercial Group
- Listing office
- Keller Williams Realty
- MLS PIN #
- 73053078
- Disclosure
- Apartment 2 has lead compliance certificate, other apartments unknown. Information was obtained from the seller and public records, prospective buyers are encouraged to perform due diligence in all aspects of a contemplated acquisition.