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333 Merrimac St, Newburyport, MA 01950

$400,000

  • Sold
  • Closed
  • Multi-Family
  • 2 Units
  • 3 Total Beds
  • 0.12 Acres
333 Merrimac St, Newburyport, MA 01950 View this property at 333 Merrimac St, Newburyport, MA 01950
333 Merrimac St Newburyport MA 01950

Map & Location

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Property Description

RARE OPPORTUNITY - BEST VALUE ON THE MARKET! - CURRENTLY 2 UNITS w/ Opportunity TO ADD 3rd UNIT!!! Well maintained Property. Both units in great condition. Great development opportunity for condo conversion OR hold and rent either 2 or 3 units. Cash Cow Potential. Across the street from the Merrimac River. Plenty of off street parking. Property is zoned R3 - Less than a mile to downtown Newburyport's shops, restaurants, all the wonderful events (1)-2bedroom unit, (1)-1bedroom unit. Gross rents are $32,400/ year with additional 3rd unit could be at least $48,000/year (PROJECTED). See attached proposed architect plans. All utilities have been separated. Both units are tenant at will and have been there for 3.5 years. Washer & Dryer in each
unit.

Full Property Details for 333 Merrimac St

  • Sold For: $400,000
  • Taxes: $5,088 (2016)
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: 72082534
  • Added: 343 day(s) ago

Property History

  • 333 Merrimac St, Newburyport, MA
  • Sold at $400,000 on 2/1/17
  • Reduced to $439,000 on 11/28/16
  • Listed at $449,000 on 10/17/16

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Parking

  • Parking: Off-Street Parking, Tandem, Paved Driveway, Unpaved Driveway

Location

  • County: Essex

Structural Information

  • Architectural Style: Two-Family
  • Square Feet: 2,117
  • Year Built: 1933

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Size (Sq. Ft.): 5,265

Financial Considerations

  • Tax Amount: $5,088
  • Tax Year: 2016

Listed by Wellsco, LLC, Stephen Martin

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333 Merrimac St, Newburyport, MA 01950 (MLS# 72082534) is a Multi-Family property that was sold at $400,000 on February 01, 2017. Want to learn more about 333 Merrimac St? Do you have questions about finding other Multi-Family real estate for sale in Newburyport? You can browse all Newburyport real estate or contact a Coldwell Banker agent to request more information.

Listed by Wellsco, LLC, Stephen Martin

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