5 Northern Boulevard

Newbury, MA 01951

$999,999
Price
6
Beds
3
Baths
1,850 Sq. Ft.
$541 / Sq. Ft.
1,850
Sq. Ft.
$541
per Sq. Ft.

Description

Incredible opportunity for the investor or builder who wants to break into the Plum Island Market. Legal three-unit property directly across from the ocean. Property has excellent rental income history for both annual and short-term vacation rentals. Live in one unit and rent the other two! Or develop three units with amazing ocean views! Possibilities for this property are numerous and the potential is great. Property is being sold as is. Buyer to assume betterment.Incredible opportunity for the investor or builder who wants to break into the Plum Island Market. Legal three-unit property directly across from the ocean. Property has excellent rental income history for both annual and short-term vacation rentals. Live in one unit and rent the other two! Or develop three units with amazing ocean views! Possibilities for this property are numerous and the potential is great. Property is being sold as is. Buyer to assume betterment.
  1. Listed by Vincent Godin • Plum Island Properties

Property Details for 5 Northern Boulevard

Town
Newbury
MLS Area
Plum Island
Area
MA-Newbury-Plum Island, MA-Newbury
Garage Spaces
0
Parking Spaces
9.00
Parking Spaces Total
9

Location

Listing Courtesy of Plum Island Properties, Vincent Godin
Add your commute
LISTING UPDATED: 03/23/2024 03:32 AM

Property Details for 5 Northern Boulevard

StatusActive
MLS #73209972
Days on Market57
Taxes$8,000 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family - 3 Units Side by Side
Year Built1930
CountyEssex County

Location

Listing Courtesy of Plum Island Properties, Vincent Godin
Add your commute

Building Information for 5 Northern Boulevard

Stories3Residences3Year Built1930Building Size-Lot Size0.15 AC / 6,499 SF

Payment Calculator

$6,124 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$667

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5 Northern Boulevard

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 1850.0
  • Color: Light Blue
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Water View: Yes
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • Grade School: Newbury Element
  • High School: Triton
  • Middle School: Triton
Features
Interior Features
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • DoorFeatures: Storm Door(s)
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Plywood, Concrete
  • SpaYN: No
  • Window Features: Storm Window(s)
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch - Enclosed, Porch - Screened
  • Other Structures: Shed(s)
  • Patio And Porch Features: Enclosed, Screened, Patio - Enclosed
  • Roof Material: Shingle
  • Waterfront Features: Beach Front, Ocean, Direct Access, Walk to, 0 to 1/10 Mile To Beach
  • Waterview Features: Ocean
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Stone/Gravel
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Stone/Gravel
  • Parking Features: Off-Street, Stone/Gravel
Utilities
  • Electric: 150 Amp Service
  • Sewage District: Newbu
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Tax ID: U020196,2081309
  • Assessments: $758,300
  • Book: 34584
  • Tax Year: 2024
  • Zoning: Res
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Slab
Income / Expenses
  • Annual Expenses Source: Accountant
  • GOI: $60,000.00
  • Insurance: $2,000.00
  • GRE: $10,000
  • HTE: $2,000
  • RFS: $400
  • RME: $400
  • NOI: $50,000.00
  • Operating Expense: $10,000.00
  • WSE: $1,200.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $4,800.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2%
  • Other Agent Compensation: 0

Property History for 5 Northern Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5 Northern Boulevard

Taxable ValueLand$542,000Additions$216,300Total$758,300
Tax Record2024$5,824 ($485 / month)
Home Facts
Baths4Total Finished SqFt1,576 SqFtAbove Grade Finished SqFt1,576 SqFtStories1Lot Size6,499 SqFtStyleTriplexYear Built1930ZoningAR4CountyESSEXAPNNEWB M:0U02 B:0000 L:00196

Schools near 5 Northern Boulevard

This home is within Triton School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Newbury Elementary School
PublicPK to 6

Triton Regional Middle School
Public7 to 8

Triton Regional High School
Public9 to 12

Salisbury Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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5 Northern Boulevard is a multi-family home for sale in Newbury, MA 01951. This property was listed for sale on March 7, 2024 by Plum Island Properties, it's currently listed at $999,999. It has been on the market for a total of 57 days and was last sold on September 3, 2013. This listing's school district is Triton School District. Nearby schools include Newbury Elementary School, Triton Regional Middle School and Triton Regional High School. 5 Northern Boulevard is a 6-bed, 3-bath, 1,850 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Plum Island Properties, Vincent Godin

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.