Jamie Dee Frontiero - Coldwell Banker Residential Brokerage

14-16 Powow St, Amesbury, MA 01913

Multi-Family

$845,000
Price
$825,000
Sale Price

6
Units
6,250
Approx. GLA
This beautiful Victorian situated in a residential neighborhood can be your new investment for income. There are 5 very nice 2 bedroom apartments, and one 3 bedroom apartment in very good condition. Many details and pine floors add a feeling of warmth to the building. High ceilings and large windows allow light to stream in. There are separate heating systems and water heaters for individual units. There is a small common yard and 2 garages with 3 spaces that are presently rented out separately. Coin operated laundry and storage is located in the basement. All apartments are currently rented. The apartments on first and second floor have gas hot water baseboard heat, and top floor apartments are gas hot air heat. Units 5 &6 are mirror image apartments. 5 Tenants have lease agreements & 1 Tenant at will. Cap rate is approximately 8%. SHOWINGS ARE AVAILABLE TUES.AND THURS. FROM 9:00-4:00.
Highlights
Sale Price: $825,000
Settled Date: 12/9/2016 12:00:00 AM
Basement Features: Full, Sump Pump, Concrete Floor
List Price: $845,000
Type: Multi-Family
Multi-Family Type: 5-9 Family
Status: Sold
Beds: 13
Baths: 6
Units: 6
Year Built: 1895
Year Round: Yes
Approx. GLA: 6,250
MLS#: 72067633
 
Interior
Basement: Yes
Electricity Cost: $267
Electric Features: 220 Volts, Circuit Breakers, 200 Amps
Heating Units: 6
Heating Zones: 6
Flooring: Wood
Energy: Insulated Windows
Hot Water: Natural Gas
Rooms: 26
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 0.20
Lot Size: 8,780.00
Lot Description: Paved Drive
Foundation: Fieldstone
Garage Spaces: 3
Parking Spaces: 12
Parking Features: Off-Street, Assigned
Road Type: Public, Paved, Publicly Maint.
Color: white
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles, Rubber
Exterior: Vinyl
Exterior Features: Porch
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $383,200
Taxes: $7,771
Tax Year: 2016
Book/Page: 8026/483
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $88,800
Gross Expenses: $13,663
Total Rent: $7,400
Net Income: $75,137
Gas Cost: $204
Insurance Cost: $2,958
R&M Cost: $1,200
Sewer Cost: $1,300
Water Cost: $1,300
 
 
Additional
Amenities: Public Transportation, Shopping, Park, Public School
Disclosure Declaration: No
Disclosure: See Escrow Agent Notification & Email/Text Disclaimers Attached.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 4 2 0 1 1 0 Yes 0 $1,235
Unit 2 5 2 0 1 1 0 Yes 1 $1,105
Unit 3 4 2 0 2 1 0 Yes 1 $1,075
Unit 4 5 2 0 2 1 0 Yes 1 $1,205
Units Extras
Unit 1
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Hot Water Baseboard, Gas  Interior:  Wood Flooring, Cable TV Available  Rooms:  Living Room, Kitchen 
Unit 2
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Hot Water Baseboard, Gas  Interior:  Wood Flooring, Cable TV Available  Rooms:  Living Room, Kitchen 
Unit 3
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Hot Water Baseboard, Gas  Interior:  Wood Flooring, Cable TV Available  Rooms:  Living Room, Kitchen 
Unit 4
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Hot Water Baseboard, Gas  Interior:  Wood Flooring, Cable TV Available  Rooms:  Living Room, Kitchen 
Map
The listing office is Coldwell Banker Residential Brokerage - Newburyport and the listing agent is Jim Bragg. 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 7/24/2017 8:05:00 PM.
 
Jamie Dee Frontiero
Jamie Dee Frontiero
Realtor
Coldwell Banker Residential Brokerage