Listings for Stephen Martin

18 Watson Street Marblehead MA 01945

Marblehead, MA18 Watson Street

Price$1,599,000

Est. Mortgage: $/month

MLS Number 72828736

  • Multi-Family 5-9 Family
  • Total Parking Spaces 20
  • Year Built 1900
  • Bathroom 6
  • Full Bath 6

**6 UNIT INVESTMENT PROPERTY** Being used as 5 units. Consist of (4) -1 bed units; (1) 2+ bed units. Whether you're a buy & hold investor, developer looking to condo convert or convert back to single family, Airbnb, potential to convert to 6 units. There are 6 gas meters & 6 electrical meters in place for each unit. So much potential w/ this property w/ just over 1/4 acre of land. Property is centrally located to all that Marblehead has to offer: beaches, harbor, shops, restaurants, cafes, health & fitness studios and lots more. Current rent roll is below market w/ long term tenants at will. All separate utilities, new plumbing, heating & electrical. 12+ off-street parking including 6 garage bays. New siding, new roof, newer boilers. Phenomenal location. Seller has made lots of improvements over the past year. Seller reserves the right to reject any and all offers. Buyers to cooperate w/ sellers 1031 Exchange time-frame. Buyer and/or buyers agent to perform their own due diligence.

Listed by Lux Realty North Shore

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Federal 30-year interest rate: 2.94% last updated on May 13, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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