Mike Mullins - Stone Ridge Properties

23 Madison, Newburyport, MA 01950

Multi-Family

$825,000
Price
$775,000
Sale Price

4
Units
2,504
Approx. GLA
Charming 4-unit Multifamily (identified in public records as a 5-unit) in Newburyport’s historic south end in the city's favorite Joppa neighborhood, enjoying ocean breezes and glimpses of the Merrimac. Impeccably maintained with solid rental history from the 4, 1-bedroom units grossing $55,200 annually and currently offered well under market rates. Located steps away from the just opened final stage of the Clipper City Rail Trail with easy access to the waterfront and downtown shops and restaurants, as well as the MBTA train station with daily service to Boston’s South Station. Drop your kayak in at the public boat ramp steps from your front door and explore the dazzling coast, winding your way through Joppa Flats and the tributaries of the Parker and Merrimac Rivers. Property is ideal for investment or condo conversion, with separate utilities and new boilers, and with their own individual storage spaces located in full basement. Off street tandem parking for 4. Borders Hale Park.
Highlights
Sale Price: $775,000
Settled Date: 6/29/2018 12:00:00 AM
Basement Features: Full, Bulkhead, Concrete Floor, Unfinished Basement
List Price: $825,000
Type: Multi-Family
Multi-Family Type: 5+ Family - 5+ Units Up/Down
Status: Sold
Beds: 5
Baths: 5
Units: 4
Year Built: 1850
Year Round: Yes
Approx. GLA: 2,504
MLS#: 72338159
 
Interior
Basement: Yes
Electric Features: Individually Metered
Heating Units: 4
Flooring: Wood, Hardwood, Pine
Hot Water: Natural Gas
Rooms: 17
Lead Paint: Unknown
Total Floors: 2
UFFI: Unknown
Exterior
Water: No
Acres: 0.08
Lot Size: 3,484.00
Lot Description: Scenic View(s)
Foundation: Poured Concrete, Fieldstone
Parking Spaces: 4
Parking Features: Off-Street, Tandem
Road Type: Public
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Exterior: Shingles
Exterior Features: Garden Area, Porch
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $617,200
Taxes: $8,184
Tax Year: 2018
Book/Page: 06586/0193
School
Grade School: Bresnahan
Middle School: Nock
High School: Newburyport
Beach
Beach: Yes
Beach Description: Ocean
Beach Ownership: Public
Expenses
Gross Income: $55,200
Total Rent: $4,600
Net Income: $55,200
Additional
Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station
Disclosure Declaration: No
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 3 1 0 1 1 0 No 1 $1,000
Unit 2 3 1 0 1 1 0 No 1 $1,000
Unit 3 3 1 0 2 1 No 1 $1,600
Unit 4 1 1 0 2 1 0 No 1 $1,000
Units Extras
Unit 1
Applicances:  Range, Refrigerator  Heating:  Hot Water Baseboard, Gas  Interior:  Bathroom With Tub & Shower, Hardwood Floors, Balcony/Deck  Rooms:  Kitchen, Living RM/Dining RM Combo 
Unit 2
Rooms:  Kitchen, Living RM/Dining RM Combo 
Common
Heating:  Hot Water Baseboard 
Map
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The listing office is Stone Ridge Properties, Inc. and the listing agent is Lynne Hendricks. 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 8/15/2018 6:05:00 AM.
 
Mike Mullins
Mike Mullins
Stone Ridge Properties
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