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21-21A Princess St

Wakefield, MA 01880
  • $999,000
  • STATUS: Active
  • MLS #: 73208182
$999,000
  • 4
    BEDS
  • 0.08
    ACRES
  • 2
    BATHS
  • 3
    1/2 BATHS
  • 3,500
    SQFT
  • $285
    $/SQFT
Type:
Multi-Family
Built:
1880
County:

School Ratings & Info

Listing courtesy of Richard Spinosa of Realty Direct Somerville.

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

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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 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 its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-04-23T15:06:35.737.
www.welchmanrealestate.com/homes/148251845
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21-21A Princess St Wakefield, MA 01880

  • Price: $999,000
  • Status: Active
  • On Site: Days
  • MLS #: 73208182
4
Beds
2
Baths
3
½ Baths
0.08
Acres
3,500
SQFT
$285
$/SQFT
1880
Built
County:
Middlesex
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
Exterior Features

Covered Spaces 0 Garage YN No Lot Features Level Open Parking YN Yes Parking Features Paved DriveOff StreetDrivewayOther Parking Total 2 Patio And Porch Features Patio Road Frontage Type Public Roof ShingleRubber Spa YN No Waterfront Features Beach FrontLake/PondWalk to1/2 to 1 Mile To Beach Waterfront YN No

Interior Features

Appliances RangeDishwasherDisposalRefrigeratorRange Hood Basement FullInterior EntryBulkhead Building Area Total 3500 Cooling Central Air Cooling Units 1 Cooling YN Yes Cooling Zones 1 Fireplace YN No Fireplaces Total 0 Foundation Details Stone Heat Units 3 Heat Zones 3 Heating BaseboardIndividualUnit ControlNatural Gas Heating YN Yes Interior Features Living RoomDining RoomKitchen Lead Paint Unknown Rooms Total 12 Window Features Box/Bay/Bow Window(s)

Property Features

Accessibility Features Accessible Entrance Buyer Agency Compensation 2 Community Features Public TransportationShoppingParkWalk/Jog TrailsMedical FacilityLaundromatBike PathHighway AccessPrivate SchoolPublic SchoolT-Station Disclosures $87000 is potential annual income. Listing agent has ownership interest. Gross Income 86400 Home Warranty YN No Insurance Expense 900 Net Operating Income 43500 Operating Expense 4900 Property Sub Type 3 Family - 3 Units Up/Down Rent Includes Unit 2(Water)Unit 3(Water) Senior Community YN No Sewer Public Sewer Sub Agency Compensation 2 Tax Annual Amount 11269.12 Tax Year 2024 Total Actual Rent 7200 Transaction Broker Compensation 0 Water Sewer Expense 4000 Water Source Public Year Built Details Renovated Since Year Round Yes Zoning B

Listing information © 2024 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Richard Spinosa of Realty Direct Somerville: 508-493-1090.


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 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 its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-04-23T15:06:35.737.
 
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Listing courtesy of Richard Spinosa of Realty Direct Somerville.