5-7 Ashland Ct, Newburyport, Massachusetts 01950

$1,125,000
8
BD
5
BA
3,400
SqFt

Listing agent Kevin Lawless from Stone Ridge Properties, Inc.

List Price
$1,125,000
MLS#
72567972
Bedrooms
8
Bathrooms
5
Sq. Ft
3,400
Lot Size
13,000
County
Essex
Year Built
1870
Status
UNDER AGREEMENT

Property Description

EXCEPTIONAL INVESTMENT OPPORTUNITY - Turn-key three family in excellent condition located in one of Newburyport's finest neighborhoods with outstanding rental history, beautiful backyard, generous parking and high net operating income with a CAP rate over 6%. Major improvements include high-efficiency replacement windows, new siding, newer mechanical systems and granite counters. This well maintained multifamily features two side by side townhouses and a third open concept unit in back addition with potential loft space for extra storage or loft bedroom. Each unit comes equipped with their own washer / dryer and also offers separate utilities. Investor / buyer options abound with this property as an owner-occupied multi-family with positive cash flow, as an investment property with solid rental history and $83,400 in gross annual income or as an easy condo conversion. Don't let this opportunity pass you by. FIRST SHOWINGS AT INVESTOR OPEN HOUSE - Oct. 12th 11:00 AM to 1:00 PM

Additional Information

Days on Market
34
Taxes
$7,703
Construction
Frame
Fireplaces
2
Amenities
Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, Marina, T-Station
Flooring
Wood, Wall to Wall Carpet
Basement
Yes
Hotwater
Natural Gas
Lot Description
Paved Drive, Cleared, Gentle Slope, Other (See Remarks)
Parking Spaces
8
Acres
0.3
Price Per Sqft
$330
Utility Connections
for Gas Range, for Electric Dryer, Washer Hookup
Disclosures
Seller never occupied any of the Units. RESTRICTED SHOWING TIME: Property can only be shown on Saturdays from 11:00 AM to 1:00 PM.

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