Address
5 Northern Blvd, Newbury, MA
Price
$ 999,999
Property Attributes
- MLS#73209972
- TypeMulti-Family
- CountyESSEX
- CityNewbury
- AreaPlum Island
- Zip01951
- Style3 Family - 3 Units Side by Side
- Year Built1930
- Taxes$ 8000
- Price$ 999,999
- Bedrooms6
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage1850
- Lot Size6,534 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Incredible opportunity for the investor or builder who wants to break into the Plum Island Market. Legal three-unit property directly across from the ocean. Property has excellent rental income history for both annual and short-term vacation rentals. Live in one unit and rent the other two! Or develop three units with amazing ocean views! Possibilities for this property are numerous and the potential is great. Property is being sold as is. Buyer to assume betterment.
| Elementary School | Middle School | High School |
|---|---|---|
| Newbury Element | Triton Middle School | Triton High School |
| Price History | |
|---|---|
| 3/7/2024 | Listed $999,999 |
General Features
| Sewer | Public Sewer |
|---|---|
| Roof | Shingle |
| Zoning | Res |
| Patio/Porch Features | Enclosed,Screened,Patio - Enclosed |
| Construction Materials | Frame |
| Year Built | 1930 |
| Electric | 150 Amp Service |
| Property SubType | 3 Family - 3 Units Side by Side |
| Tax Year | 2024 |
| Gross Income | 60000 |
| Waterfront Features | Beach Front,Ocean,Direct Access,Walk to,0 to 1/10 Mile To Beach |
| County | Essex |
| Net Operating Income | 50000 |
| Operating Expense | 10000 |
| Insurance Expense | 2000 |
| Property Type | Residential Income |
| Garage Y/N | No |
| Other Structures | Shed(s) |
| Total Rooms | 9 |
| Status | Active |
| Directions | Plum Island Blvd to end,bear left 1st house on left |
| High School | Triton |
| City | Newbury |
| Senior Community Y/N | No |
| Total Units | 3 |
| MLS Area | Plum Island |
| Lot Size Square Feet | 6499 |
| Waterfront Y/N | No |
| Street Name | Northern Blvd |
| Elementary School | Newbury Element |
| Year Built Details | Actual |
| Tax Annual Amount | 8000 |
| Home Warranty Y/N | No |
| Middle/Junior High School | Triton |
| Water Sewer Expense | 1200 |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 758300 |
| Total Actual Rent | 4800 |
| Compensation Based On | Gross/Full Sale Price |
| Sub-Agency Relationship Offered | No |
Interior Features
| Flooring | Plywood,Concrete |
|---|---|
| Total Stories | 3 |
| Window Features | Storm Window(s) |
| Fireplace Y/N | No |
| Full Baths | 3 |
| Total Bedrooms | 6 |
| Total Baths | 3 |
Exterior Features
| Parking Features | Paved Drive,Off Street,Stone/Gravel |
|---|---|
| Water Source | Public |
| Total Parking | 9 |
| Lot Size Area | 0.15 |
| Foundation Details | Slab |
| Spa | No |
| Building Area Total | 1850 |
| Lot Size Acres | 0.15 |
| Lot Size Units | Acres |
| Door Features | Storm Door(s) |
| Road Frontage Type | Public |
| Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 01951
Price
Taxes
Visits
Year Built
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