50 Eastern Ave. Essex MA 01929 MLS #73274157

50 Eastern Ave.
Essex, MA, 01929
$586,000
4 Beds
2 Baths
2,145 SqFt
0.14 Acres
$586,000
50 Eastern Ave.
Essex, MA, 01929
OFFER DEADLINE 8/13- 3:00pm. Mid Oct. closing requested…Exceptional Investment Opportunity! This two-unit home, situated on a desirable corner lot, offers both convenience and potential. Located near the scenic Essex River and tranquil marshlands, the property enjoys a south-facing orientation, providing an abundance of natural light throughout the day.The first-floor unit is a cozy 1 bedroom space featuring an inviting eat-in kitchen, a comfortable living room with built-in cabinetry, bathroom, and a bedroom. The second unit spans the upper levels and offers more room with its 3 bedrooms. It includes an eat-in, fully equipped kitchen, a generous living room, and a full bathroom with washer/dryer hook ups, making it ideal for tenants looking for extra space.Both units benefit from off-street parking. If you’re looking to generate rental income this home provides a solid foundation for a rewarding investment. Property to be sold “as is”. . Separately metered for electricity.

Property Details

Price:
$586,000
MLS #:
73274157
Status:
Pending
Beds:
4
Baths:
2
Address:
50 Eastern Ave.
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
City:
Essex
Listed Date:
Aug 6, 2024
State:
MA
Finished Sq Ft:
2,145
Total Sq Ft:
2,145
ZIP:
01929
Lot Size:
6,107 sqft / 0.14 acres (approx)
Year Built:
1900
Units:
2

Schools

Elementary School:
Essex Elem
Middle School:
Mersd
High School:
Mersd

Interior

Appliances
Range, Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
None
Fireplaces Total
1
Flooring
Vinyl
Heating
Baseboard, Natural Gas
Laundry Features
Gas Dryer Hookup, Electric Dryer Hookup, Washer Hookup

Exterior

Community Features
Park, Conservation Area, Highway Access, House of Worship, Public School
Construction Materials
Frame
Parking Features
Off Street, Unpaved
Parking Spots
4
Roof
Shingle

Financial

Net Operating Income
$19,200
Tax Year
2024
Taxes
$7,068
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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50 Eastern Ave.
Essex, MA