5 Northern Blvd Newbury, MA
$990,000
Beds 6
Baths 3
Square Feet 1,810
Acres 0.15
Description
**Seller open to "seller-financing" / partnership structures. One of the most compelling redevelopment opportunity available on Plum Island, with the the property offering ocean views just steps to the beach & 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. 2 potential development concepts may include: (1) three luxury 2-bedroom, 1-bath condos with parking & outdoor deck space; or (2) two larger 3-bedroom luxury condos with parking & outdoor deck space. Conceptual plans are available to qualified buyers. Additional development potential and/or expanded FAR (Floor Area Ratio) may be possible through future town permitting/approvals. Buyer to perform all due diligence. 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.
Listed by Compass, The Bakhtiari Group
Details
MLS 73535880
Status Active
Price $990,000
DOM 87 days
Type Multi-Family
Beds 6
Baths 3 full baths
Square Feet 1,810 sqft
Lot Size 0.15 acres
Year Built 1930
Lot & Building Features
Sewer Public Sewer
Tax Year 2025
Taxes Paid $6,261
Water Public
Foundation Slab, Concrete Perimeter
Full Baths 3
Parking Off Street
Total Rooms 9
Garage Spaces 0
Waterfront Direct Access, Walk to, 0 to 1/10 Mile To Beach, Ocean, Beach Ownership(Public)
Waterview Public, Walk to, Ocean
Schools
Elementary School Newbury Element
Junior High School Triton
Senior High School Triton
Multi-Family Home for Sale: 5 Northern Blvd, Newbury, MA 01951
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
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Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.