Sean Perkins - Stone Ridge Properties

3 47TH, Newbury, MA 01951

Plum Island

Multi-Family

$325,000
Price
$310,000
Sale Price

2
Units
1,008
Approx. GLA
Wonderful opportunity to purchase this 1 level 2 family that's located steps to the beach. The property is made up of 2 side by side units w/ a strong rental history. Unit 1 features an open concept w/ 2 bedrooms and spacious shared deck off LR. Unit 2 consists of 26x10 studio space, with vaulted ceilings. 20x20 deck that's perfect for enjoying those gorgeous summer days, current owners have always used the property for investment purposes only. Very special location, rare 6 car off street parking and multiple opportunities await the next owner. Please take note that this property needs extensive remodeling, a wonderful option!
Highlights
Sale Price: $310,000
Settled Date: 7/11/2016 12:00:00 AM
Area/Village: Plum Island
List Price: $325,000
Type: Multi-Family
Multi-Family Type: 2 Family - 2 Units Side by Side
Status: Sold
Beds: 3
Baths: 2
Units: 2
Year Built: 1950
Approx. GLA: 1,008
MLS#: 71998099
 
 
Interior
Basement: No
Hot Water: Electric
Rooms: 6
Lead Paint: Unknown
Total Floors: 1
Exterior
Water: No
Acres: 0.11
Lot Size: 4,878.00
Lot Description: Level
Foundation: Other (See Remarks)
Parking Spaces: 6
Parking Features: Off-Street
Color: Brown
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Exterior: Shingles
Exterior Features: Deck - Wood, Deck
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $312,500
Taxes: $3,600
Tax Year: 2015
Book/Page: 10912/430
Beach
Beach: Yes
Miles to Beach: 0 to 1/10 Mile
Beach Description: Ocean
Expenses
Gross Income: $19,200
Net Income: $19,200
 
Additional
Exclusions: Seller's personal property.
Disclosure Declaration: No
Disclosure: Buyer to assume remainder of water/sewer betterment fee. Buyer to honor 2016 summer rental agreement but will be given rental money.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 4 2 0 1 1 0 No 1 $950
Unit 2 2 1 0 1 1 0 No 1 $650
Units Extras
Unit 1
Rent Includes:  Water  Applicances:  Range, Refrigerator, Washer / Dryer Combo  Heating:  Floor Furnace, Propane  Interior:  Open Floor Plan, Wall to Wall Carpet  Rooms:  Living Room, Kitchen, Laundry, Other (See Remarks) 
Unit 2
Rent Includes:  Water  Applicances:  Range, Refrigerator, Washer / Dryer Combo  Heating:  Propane, Space Heater  Interior:  Open Floor Plan, Wall to Wall Carpet, Cathedral/Vaulted Ceilings  Rooms:  Living Room, Kitchen, Laundry, Other (See Remarks) 
Common
Rooms:  Other (See Remarks) 
Map
The listing office is Stone Ridge Properties, Inc. and the listing agent is Sean Perkins. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 6/25/2017 4:35:00 AM.
 
Sean Perkins
Sean Perkins
CBR, Realtor
Stone Ridge Properties