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$299,000
● Multifamily - Off Market

2-4 Spring St

Amesbury, MA
bedrooms
6 Beds
bathrooms
3 Baths
square feet
3,454 Ft²
$629,782
RealtyHop Estimate
110.00%
Since Nov 1, 2009
National-US
Primary Model

About This Property

Lead free duplex with many upgrades: newer windows, roof, heating, electric.  All separate utilities except for water/sewer.  Four car parking, income producing $31,200/year.  Third floor finished, no heat.  Buy for your future.
Unit Size
3,454 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$87
Property Type
Multifamily
Property Taxes
$461
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (MLSPIN #70965391)

Price History

Date / Event Date Event Price
Oct 29, 2009 Sold
Premium
Sold
Aug 24, 2009 Listed by Bentley's $299,900
Listed by Bentley's

Property Highlights

Parking Available
Parking Details
Parking Features: Paved Drive, Off Street
Interior Details
Full Bathrooms: 3
Interior Features: Unit 1(Ceiling Fans, Lead Certification Available, Storage), Unit 2(Ceiling Fans, Lead Certification Available, Storage), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Unit 1(Range, Dishwasher, Microwave, Refrigerator), Unit 2(Range, Dishwasher, Microwave, Refrigerator), Gas Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Dryer
Flooring Type: Wood, Vinyl
Rooms: 12
Basement: Full, Interior Entry, Concrete
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Duplex
Stories (Total): 6
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Covered
Lead Paint: Certified Treated
Lot Size Area: 0.1
Lot Size Units: Acres
Lot Size Acres: 0.1
Zoning: R8
Parcel Number: 3666355
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $334,600
Tax Annual Amount: $5,531
Utilities Details
Utilities: for Electric Range, for Electric Dryer
Cooling Type: Unit 1(None), Unit 2(None)
Heating Type: Unit 1(Gas), Unit 2(Gas)
Sewer : Public Sewer, City/Town Sewer
Location Details
Community Features: Public Transportation, Shopping

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 70965391
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