2576 RIVERSIDE AVENUE Somerset MA 02726

Multi-Family

$665,900

Price

Units

5,000

Approx. GLA

FIRST TIME ON THE MARKET IN OVER 60 YEARS!!!! WANT A FAMILY COMPOUND? VERY LARGE (TWO) 3 FAMILY APARTMENT HOMES ON A GENEROUS 3/4 WATERFRONT SITE!!! LOOK AT THE AERIAL PICTURES FOR WHAT YOU CANNOT VIEW FROM THE STREET! THESE ARE TWO MASSIVE-SIZED MULTI'S ON ONE LOT, AND THE OWNER'S PRIDE SHOWS WITH THE CARE AND IMPROVEMENTS AND GROUNDS. SWEEPING LAWN TO THE SEA WALL. FANTASTIC WATERVIEWS. HAVE A BOAT? EVERY APARTMENT HAS A GORGEOUS WATERVIEW! LONG TERM RENTERS. CURRENT INCOME IS $4730/MO **BONUS** UNTAPPED INCOME POTENTIAL WITH NOT ONLY INCREASED MARKET RENT, BUT FUTURE, UNTAPPED ADDITIONAL INCOME...AN UNRENTED 3RD FLOOR UNIT, NEEDS A 2ND EGRESS STAIRCASE-- RECOUP WITH 8 MONTHS RENT. A UNUSED GARAGE UNDER--GREAT FOR SMALL CAR RENTAL, BOAT STORAGE, PERSONAL WATERCRAFT, OR TENANT STORAGE. ANOTHER GROUND LEVEL STORAGE UNIT CAN BE RENTED, AND BSMT. STORAGE BE CONSTRUCTED. PROJECTED RENTAL $7000+/MO. OWNER PAYS $4000 FOR HOME OWNERS INS. FLOOD CERT IN HAND, $14,700 EST. YR.

Highlights

Basement Features: Full, Walk Out, Interior Access, Garage Access, Concrete Floor

List Price: $665,900

Type: Multi-Family

Multi-Family Type: 5-9 Family

Status: Active

Beds: 9

Baths: 6

Units: 6

Year Built: 1900

Approx. GLA: 5,000

MLS#: 72196140

Interior

Basement: Yes

Electric Features: Circuit Breakers, Individually Metered, Varies per Unit

Heating Zones: 6

Flooring: Wood, Tile, Vinyl, Hardwood

Energy: Insulated Windows, Storm Windows, Storm Doors, Varies per Unit

Hot Water: Natural Gas

Lead Paint: Unknown

UFFI: No

Exterior

Water: Yes

Facing: West

Acres: 0.73

Lot Size: 31,799.00

Lot Description: Paved Drive, Flood Plain, Cleared, Gentle Slope, Scenic View(s)

Foundation: Fieldstone

Foundation Size: IRREG

Waterfront: River, Frontage, Walk to, Deep Water Access, Navigable

Garage Spaces: 1

Parking Spaces: 13

Parking Features: Off-Street, Paved Driveway

Road Type: Public, Paved, Publicly Maint.

Color: WHITE

Construction: Frame

Roof Material: Asphalt/Fiberglass Shingles, Rubber

Utility: Varies per Unit

Exterior: Vinyl

Exterior Features: Stone Wall, Porch, Porch - Enclosed, Gutters, Professional Landscaping, Screens

Water: City/Town Water

Taxes

Short Sale Lender Approval: No

Lender Owned: No

APOD Available: Yes

Assessed Price: $456,400

Taxes: $7,941

Tax Year: 2017

Book/Page: 877/303

Warranty Available: No

Beach

Beach: No

Expenses

Gross Income: $51,600

Net Income: $51,600

Additional

Amenities: Public Transportation, Marina

Disclosure Declaration: Yes

Disclosure: THERE ARE 2-3 FAMILY UNITS ON ONE LOT. FLOOD ELEVATION CERTIFICATES COMPLETED, IN HAND. ONE 3RD FLOOR APT. NEEDS SECONDARY EGRESS, AND THIS UNIT IS NOT CURRENTLY RENTED, AND WOULD RENT FOR $900+. ADDITIONAL INCOME CAN COME FROM A 1 CAR GARAGE FOR A BOAT OR CAR & A GROUND LEVEL ENCLOSED STORAGE UNIT

The listing office is Carol Brannaka REALTORS® and the listing agent is Avery Brannaka. 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 it's 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. The data was last modified on 12/18/2018 2:44:00 PM.

2576 RIVERSIDE AVENUE, Somerset, MA 02726

Multi-Family

$665,900 Price

$665,900

Price