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23 State Street, Newburyport MA 01950 – 3 bed 3 bath For Sale – 73315747

$ 1,250,000
23 State Street, Newburyport MA 01950,
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Overview

  • Updated On:
  • December 20, 2024
  • listingid
  • 73315747
  • 3 Bedrooms
  • 3 Bathrooms
  • 0 Garage Spaces
  • 0 Total Parking
  • 1800
  • HOA Fee

Description

A rare opportunity to own 5 units, on State Street in downtown Newburyport. 3 office units located on the 2nd level w/ a common waiting room & half bath. The 3rd level is home to 2 newly renovated, soon-to-be-converted, residential lofts w/ exposed brick walls, vaulted beam ceilings, wide-pine hardwood floors & newer windows. Residential Unit #1 has 622sqft inclusive of the living room, kitchen, bathroom, sleeping loft, a stackable washer/dryer, 2 high-efficiency mini splits, & the ability to add a murphy bed in the living room for a 2nd sleeping area. Residential Unit #2 boasts 664sqft incorporating 1 bedroom, 1 sleeping loft, living room, bathroom, laundry area, kitchen (no oven) & 2-high-efficiency mini splits. No deeded parking. Own a part of history, w/ this multi-purpose, circa 1800s loft-living style property, presenting a great opportunity for investors, business owners or owner-occupants! Office #1 has a $740/Mo lease exp 12/31/24. Office #2 has a $845/Mo lease exp 1/31/25.

Property Details

Property Id: 687740
Price: $ 1,250,000
Property Size: 2,491.00 ft2
Property Lot Size: 0.07 ft2
Rooms: 9
Bedrooms: 3
Bathrooms: 3
Full Bath: 3
Total Bathrooms: 3
Disclosures: N
Last Updated: 2024-12-20T08:14:09.550Z
Building Area Source: Other
Building Area Total: 2491
Building Area Units: Square Feet
Community Features: Public Transportation,Shopping,Tennis Court(s),Park,Walk/Jog Trails,Golf,Medical Facility,Laundromat,Bike Path,Conservation Area,Highway Access,House of Worship,Marina,Private School,Public School,T-Station
Construction Materials: Brick
Contingency: Pending P&S
Directions: Water Street to State Street. Property is on the 2nd and 3rd floors, above Paddle Inn and Carmines.
Disclosures: Seller or seller's agent make no representations or warranties. Buyer to do own due diligence. Both residential units on 3rd floor are in the process of being converted into residential units. SQFT and bedroom count includes both lofts. This is 1 of 3 units in an HOA,with a $300/month HOA fee.
Electric: 220 Volts
Elementary School: Newburyport
Expiration Date: 1900-01-01
Flooring: Hardwood
Foundation Details: Concrete Perimeter,Brick/Mortar
Gross Income: 18960
High School: Newburyport
Laundry Features: Electric Dryer Hookup,Washer Hookup
List Agent MlsId: TM356376
List Office MlsId: AN7000
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2024-11-26
Listing ID: 73315747
Lot Features: Other
Lot Size: 0.07
Lot Size SqFt: 3088
Lot Size Units: Acres
Anticipated Sale Date: 2025-01-31T05:00:00.000Z
Date Available: No
Bedroom 4: 1
Bath 4: 1
Hot Water: Natural Gas
Lead Paint: Unknown
Lease 1: Y
Lease 2: Y
Unit 1 Living Levels: 1
Unit 2 Living Levels: 1
Unit 3 Living Levels: 1
Unit 4 Living Levels: 1
Listing Alert: No
Price Per SqFt: 501.81
Days in Market: 24
Total Days on Market: 24
MLS PIN Page: 33965
Price Per SqFt: 501.81
Unit 1 Rent: 740
Unit 2 Rent: 840
Living Area Disclosure: Square footage is approximate, and includes sqft in both lofts. Buyer to do own due diligence.
Living Area Includes Basement: No
Team Member: CN234440
Water View: No
Middle School: Newburyport
MLS Status: Under Agreement
Last Updated: 2024-12-20T08:05:00.000Z
Net Operating Income: 18960
Number Of Units: 5
Off Market Date: 2024-12-19
Original List Date: 2024-11-26T16:39:00.000Z
Original List Price: 1250000
Parcel Number: M:0006 B:0011A L:0000,5230541
Parking Features: On Street
Patio And Porch Features: Deck
Purchase Contract Date: 2024-12-05
Road Type: Public
Roof: Tar/Gravel
Sewer: Public Sewer
State: MA
Status Change Time: 2024-12-20T08:05:00.000Z
Total Stories: 12
Tax Annua lAmount: 6245
Tax Assessed Value: 626400
Tax Book Number: 31434
Tax Year: 2024
Total Actual Rent: 1585
Utilities: for Electric Range,for Electric Oven,for Electric Dryer,Washer Hookup
Water Source: Public
Year Built: 1800
Year Built Details: Approximate
Year Built Source: Public Records
Zoning: B2 DOD

Payment Calculator

$ 7,162.17
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 5,995.51

Amenities and Features

Other Features
Open Parking

Property Address

Address: 23 State Street, Newburyport MA 01950
City:
State/County:
Zip: 01950
Country: United States
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23 State Street, Newburyport MA 01950 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.

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23 State Street, Newburyport MA 01950 – 3 bed 3 bath For Sale – 73315747

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