This is a rare and unique opportunity to own a classic "Old Town" building with retail space and a 2+BR residential unit on the second and third floor. This building is well maintained, recently renovated, and fully rented. The building currently produces a Net Annual Income of $29,800 and a Cap rate of 6% with opportunities to enhance rental income this fall. Excellent investment opportunity. Financials available upon request.
Off market
$768,200
160 Washington St, Marblehead, MA 01945
3beds
1,918sqft
MultiFamily
Built in 1710
-- sqft lot
$768,200 Zestimate®
$401/sqft
$4,259 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Other, Oil
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 1,918 sqft
Property
Features
- Exterior features: Wood
Lot
- Size: 871 sqft
Details
- Parcel number: MARBM0133B0006L0
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Roof: Asphalt
Condition
- Year built: 1710
Community & neighborhood
Location
- Region: Marblehead
Services availability
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Estimated market value
$768,200