10-14 Central StreetIpswich, MA 01938MLS Number 72515734

  • Price: $1,850,000
  • 9 Days on Market
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Federal 30-year interest rate: 3.82% last updated on Jun 13, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.06Acreage
  • 1900Year Built
  • 6Parking Spaces
  • CIProp Type

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Mixed-Use Building In Downtown Ipswich. Four Huge, Modern Apartments Over Very Popular Downtown Restaurant. All Apartments Are 5 Room, 3 Bedroom Units, Measuring Approximately 1250 s.f. Plenty Of Off-Street, Municipal Parking Behind Building. Full Attic For Storage Or Expansion. Two Apartments Pay $1825, Two Apartments Pay $1800, Rents To Increase September 1st. Restaurant Pays $4100 For Rent And 42% Of Total Property Expenses. Great Location, Incredibly Clean, Turn-Key Opportunity Providing A Cap Rate Of 7% And A Cash On Cash Return Of 10.5%.

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Windhill Realty
Windhill Realty
Office: 978.356.8922
16 Market Street
Ipswich, MA 01938

More Info

Parking

  • Parking Spaces6
  • Parking FeatureOpen,21+ Spaces

Building

  • Year Built1900
  • Rsu Units4
  • Reu Units1
  • No Buildings1
  • No Stories4
  • Entry OnlyNo
  • Assessed Value Bldg584600

Basic Information

  • StatusACT
  • MLS Number72515734
  • Prop TypeCI
  • Status Date2019-06-10T08:11:00
  • Date Listed06/10/2019
  • List Price$1,850,000
  • LeaseNo
  • DirectionGPS

Exterior

  • Roof MaterialMembrane

Utilities

  • UtilitiesPublic Water, Public Sewer

Photos

  • Photo Date2019-06-15T15:10:00
  • Number of Photos23

Other

  • Modification Date2019-06-15T15:10:00
  • Property TypeCommercial
  • Listing AlertNo
  • Year Built SourcePublic Record
  • DisclosureNo
  • Book42
  • Listing AgreementExclusive Right to Sell
  • Off Bldg Sf500
  • Rsf Bldg Sf5000
  • Ref Bldg Sf2000
  • ExchangeNo
  • Page218
  • View Count7

Location

  • StreetCentral Street
  • TownIpswich
  • StateMA
  • Zip01938
  • Zip Code 41670
  • CountyEssex
  • LocationDowntown

Property

  • Acreage0.06
  • Net Operating Inc127156
  • Space AvailableFor Sale
  • SubletNo
  • Gross Annual Exp12044
  • Lot Size2680
  • Gross Annual Income139200
  • Assessed Value Land142700
  • Main LoNB4869

Ipswich, MA Demographics

There is no data available

Ipswich, MA Real Estate Market Data

There is no data available

Ipswich, MA Schools

School NameDistanceTypeGrades

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 its 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.

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