61 Market St Amesbury, MA 01913

Fantastic in-town location; just a couple blocks from all the action of downtown Amesbury bars, restaurants, shops, cafes and more. Rarely available, 3 unit w/ loads of charm & character featuring an updated 3 bed/1 bath potential owners unit w granite counter-tops, stainless-steel appliances, washer/dryer, wide-pine floors, architectural glass front door and parking for 1-2 cars. Private backyard oasis/patio for entertaining or just a place to chill and relax. Unit 2 & Unit 3 are small and easy to manage 2 bed,1 bath units. Current rents are below market. Perfect opportunity for buyer to make a some cosmetic improvements and live in one unit while collecting rent from the other units. All units have separate electric. CURRENT Rent Roll = $64,800; CURRENT Operating Expenses = @ $16,000; Net Operating Income $48,800 - Represents a 7% Cap Rate. Projected Income should be closer to $75,000 with some cosmetic improvements. Opportunity to Airbnb or Condo Convert as well with city approval.