21-21A Princess St Wakefield MA 01880 MLS #73208182

21-21A Princess St
Wakefield, MA, 01880
$999,000
4 Beds
3 Baths
3,500 SqFt
0.08 Acres
$999,000
21-21A Princess St
Wakefield, MA, 01880
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

Property Details

Price:
$999,000
MLS #:
73208182
Status:
Active
Beds:
4
Baths:
3
Address:
21-21A Princess St
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
City:
Wakefield
Listed Date:
Mar 4, 2024
State:
MA
Finished Sq Ft:
3,500
ZIP:
01880
Lot Size:
3,537 sqft / 0.08 acres (approx)
Year Built:
1880

Schools

Interior

Appliances
Range, Dishwasher, Disposal, Refrigerator, Range Hood
Bathrooms
2 Full Bathrooms, 3 Half Bathrooms
Cooling
Central Air
Heating
Baseboard, Individual, Unit Control, Natural Gas

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Private School, Public School, T- Station
Parking Features
Paved Drive, Off Street, Driveway, Other
Parking Spots
2
Roof
Shingle, Rubber

Financial

Buyer Agent Compensation
2%
Net Operating Income
$43,500
Tax Year
2024
Taxes
$11,269
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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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21-21A Princess St
Wakefield, MA