Address
21-21A Princess St, Wakefield, MA
Price
$ 999,000
Property Attributes
- MLS#73208182
- TypeMulti-Family
- CountyMIDDLESEX
- CityWakefield
- Zip01880
- Style3 Family - 3 Units Up/Down
- Year Built1880
- Taxes$ 11269
- Price$ 999,000
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms3
- Sqr Footage3500
- Lot Size3,485 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Mixed use building just off Main Street with two income generating residential units upstairs, each consisting of 5 rooms/2 bd/1bath and a commercial space at the street level. Residential units are Tenants -at-Will and are currently fetching $3700 gross income. The commercial space is a fully equipped restaurant, is handicap accessible, and includes 2 patron restrooms, as well as a third half bath for employee's use. There's a great outside patio area and plenty of freezer storage in the basement. A savvy investor will do quite well to put this downtown business space back into good use. All units are separately heated with newer systems and are equipped with their own electric panel. This building's roof was replaced over the past 3 years. Full sprinkler system is in place. Proof of funds are REQUIRED prior to scheduling a full tour of this property. **See for additional photos of restaurant space MLS Listing #73183156
| Price History | |
|---|---|
| 3/4/2024 | Listed $999,000 |
General Features
| Interior Features | Living Room,Dining Room,Kitchen |
|---|---|
| Sewer | Public Sewer |
| Heating | Baseboard,Individual,Unit Control,Natural Gas |
| Cooling | Central Air |
| Roof | Shingle,Rubber |
| Appliances | Range,Dishwasher,Disposal,Refrigerator,Range Hood |
| Zoning | B |
| Patio/Porch Features | Patio |
| Year Built | 1880 |
| Property SubType | 3 Family - 3 Units Up/Down |
| Tax Year | 2024 |
| Gross Income | 86400 |
| Waterfront Features | Beach Front,Lake/Pond,Walk to,1/2 to 1 Mile To Beach |
| Community Features | Public Transportation,Shopping,Park,Walk/Jog Trails,Medical Facility,Laundromat,Bike Path,Highway Access,Private School,Public School,T-Station |
| Accessibility | Accessible Entrance |
| County | Middlesex |
| Net Operating Income | 43500 |
| Operating Expense | 4900 |
| Insurance Expense | 900 |
| Property Type | Residential Income |
| Garage Y/N | No |
| Rent Includes | Unit 2(Water),Unit 3(Water) |
| Total Rooms | 12 |
| Status | Active |
| Directions | off main street in Downtown Wakefield |
| City | Wakefield |
| Disclosures | $87000 is potential annual income. Listing agent has ownership interest. |
| Senior Community Y/N | No |
| Total Units | 3 |
| Lot Size Square Feet | 3537 |
| Waterfront Y/N | No |
| Street Name | Princess St |
| Year Built Details | Renovated Since |
| Tax Annual Amount | 11269.12 |
| Home Warranty Y/N | No |
| Water Sewer Expense | 4000 |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 1001700 |
| Total Actual Rent | 7200 |
| Compensation Based On | Net Sale Price |
| Sub-Agency Relationship Offered | Yes |
Interior Features
| Basement | Full,Interior Entry,Bulkhead |
|---|---|
| Total Stories | 6 |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | Box/Bay/Bow Window(s) |
| Fireplace Y/N | No |
| Full Baths | 2 |
| Half Baths | 3 |
| Total Bedrooms | 4 |
| Total Baths | 5 |
Exterior Features
| Parking Features | Paved Drive,Off Street,Driveway,Other |
|---|---|
| Lot Features | Level |
| Water Source | Public |
| Total Parking | 2 |
| Lot Size Area | 0.08 |
| Foundation Details | Stone |
| Spa | No |
| Building Area Total | 3500 |
| Lot Size Acres | 0.08 |
| Lot Size Units | Acres |
| Road Frontage Type | Public |
| Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 01880
Price
Taxes
Visits
Year Built
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information 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 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
