Ellie DiPaolo - RE/MAX On The River

470 Main Street, West Newbury, MA 01985

Multi-Family

$439,000
Price

2
Units
2,037
Approx. GLA
Rare West Newbury 2 family conveniently located on a lovely landscaped lot, with 19 year septic & newer roof. Perfect for owner occupied w/ excellent rental income towards mortgage. Each unit lives like a single family home; Front unit with 1st floor master bedroom or family room, 1/2 bath w/ laundry hookups, desk/shelves next to stairway makes for a cozy hallway office, 2 sweet gabled bedrooms upstairs & full bath, enclosed front porch & access to unfinished basement. Rear unit, circa 1980, features private stone patio access through slider & serene views of back yard, 1 st floor & 2nd floor bedrooms, full bath w/laundry, unique attic space storage & shed storage. Both kitchens are modern, fully applianced w/ gas stoves. Separate heat, utilities. Solid rental history; current rents below market with great tenants. So close to town for shopping, great pizza, parks, Merrimack river, commuter routes, Newburyport/Plum Island Beaches!
Open House
No scheduled Open Houses
Highlights
Terms: Contract for Deed
Basement Features: Partial, Interior Access, Concrete Floor, Unfinished Basement
List Price: $439,000
Type: Multi-Family
Multi-Family Type: 2 Family
Status: Contingent
Beds: 4
Baths: 2
Half Baths: 1
Units: 2
Year Built: 1921
Year Round: Yes
Approx. GLA: 2,037
MLS#: 72397612
 
Interior
Basement: Yes
Cooling Units: 1
Electric Features: Circuit Breakers
Heating Units: 2
Heating Zones: 2
Flooring: Wood, Tile, Wall to Wall Carpet, Laminate
Energy: Storm Doors
Hot Water: Electric
Rooms: 9
Lead Paint: Unknown
Total Floors: 2
Exterior
Water: No
Facing: Southeast
Acres: 0.25
Lot Size: 10,890.00
Lot Description: Paved Drive, Gentle Slope, Level, Scenic View(s)
Foundation: Fieldstone
Foundation Size: 34 x 24
Parking Spaces: 6
Parking Features: Off-Street, Deeded, Paved Driveway
Road Type: Public, Paved, Publicly Maint., Sidewalk
Color: white
Construction: Frame, Stone/Concrete
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Gas Range, for Electric Dryer
Exterior: Clapboard, Wood
Exterior Features: Porch - Enclosed, Patio, Gutters, Storage Shed, Screens
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Title 5: Pass
Lender Owned: No
APOD Available: No
Assessed Price: $304,000
Taxes: $4,426
Tax Year: 2018
Book/Page: 15861/444
School
Grade School: Page
Middle School: Pentucket
High School: Pentucket
Beach
Beach: No
Expenses
Gross Income: $35,400
Total Rent: $2,950
Net Income: $35,400
Additional
Amenities: Park, Walk/Jog Trails, Stables, Bike Path, Conservation Area, House of Worship
Exclusions: Washer & dryer in front unit is the tenants so hookups only in front unit.
Disclosure Declaration: Yes
Disclosure: Needs TLC/updating. Sold "as is". Units rented w/leases 12/31/18(rear) & 7/31/19(front). Assessed 4 bed, tenants use as 5 bed. Septic 4 bed. Back Rinnai heat/Mitsubishi AC. Storage: back uses shed/attic space, front uses basement/porch. FAST annual septic service $420. Drone & 3D Model coming soon.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 5 3 0 1 1 1 Yes 2 $1,250
Unit 2 4 2 0 1 1 0 Yes 2 $1,700
Units Extras
Unit 1
Rent Includes:  Water  Cooling:  Central Air  Applicances:  Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Vent Hood  Heating:  Forced Air, Oil  Interior:  Bathroom With Tub & Shower, Slider, Wood Flooring, Cable TV Available, Storage, Tile Floor  Rooms:  Living Room, Kitchen, Laundry, Office/Den 
Unit 2
Rent Includes:  Water  Cooling:  Wall AC  Applicances:  Range, Microwave, Refrigerator, Washer, Dryer  Heating:  Propane, Gas  Interior:  Bathroom With Tub & Shower, Slider, Wall to Wall Carpet, Floored Attic, Cable TV Available, Storage, Tile Floor  Rooms:  Living Room, Kitchen, Laundry 
Map
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The listing office is RE/MAX On The River, Inc. and the listing agent is Diane Beekler. 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 10/18/2018 4:35:00 AM.
 
Ellie DiPaolo
Ellie DiPaolo
REALTOR MA & NH, ABR, CDPE, Notary Public
RE/MAX On The River