BEDS6
BATHS3 full
SQUARE FEET1,810
MLS#73535880
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
One of the most compelling redevelopment opportunities available on Plum Island, offering ocean views & a prime location just steps to the beach, restaurants & attractions. Situated on a 6,499sqft lot with 6 off-street parking spaces, the property is a grandfathered legal 3-family structure containing ~1,810sqft of living area. Two potential development concepts (with town approvals) may include: (1) three luxury 2-bedroom, 1-bath condos with ~600sqft of heated living space, two-car parking & ~475sqft of outdoor deck space; or (2) two larger luxury condos with ~900sqft of heated living space, 2-car parking & ~750 sqft. of outdoor deck space. Conceptual plans available upon request to qualified buyers. Buyer to perform all due diligence re zoning, permitting, redevelopment potential & future use. Seller/Seller's agent make no representations or warranties regarding the condition of the existing structure & do not represent the building as salvageable for renovation. Property sold as-is.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.15 Acres
Stories: 3.0
Taxes: $6,261
Year Built: 1930
Feature Descriptions
Building Area Total: 1810
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Dwelling Type: 3 Family - 3 Units Side by Side
Lot Features: Cleared, Level
Parcel Number: M:0U02 B:0000 L:00196,2081309
Parking Features: Off Street
Parking Total: 6
Road Responsibility: Public Maintained Road
Rooms Total: 9
Sewer: Public Sewer
Units: 3
Water: Public
Waterfront Features: Ocean, Direct Access, Walk to,0 to 1/10 Mile To Beach, Beach Ownership(Public)
Local Schools
High School: Triton
Middle School: Triton
Elementary School: Newbury Element
Listed By / Shown By
Listed By
Agency Name: Compass
Agent Name: The Bakhtiari Group
Agency Phone: 978-248-8081
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 3,013.81 per month $2,203.31 Principal & Interest $521.75 Property Tax $288.75 Homeowner's Insurance
5 Northern Blvd | MLS# 73535880
This multi-family property located at 5 Northern Blvd, Newbury, MA 01951 is currently listed for sale with an asking price of $990,000. Search Newbury real estate on www.masiellogrouprealestate.com today.