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    22 School St

    Rockport, MA 01966
    • $1,249,900
    • STATUS: Active
    • MLS #: 72891183
    UPDATED: 45 min ago
    $1,249,900
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,055
      SQFT
    • $206
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1866
    County:
    Area:

    School Ratings & Info

    Listing courtesy of John Wellington of Re/Max 360.

    Description

    Rare Investor Opportunity Mixed-Use located in the heart of scenic Rockport. Steps to Front Beach with numerous shops and restaurants near Bearskin Neck. Rockport Harbor and renowned scuba diving at Back Beach are minutes away. This beautiful property has been under the same ownership for over 30 years. An income producer with a proven history. Two spacious 3-Bedroom residential units with under market rents make this a renters dream. Serious potential for short term seasonal rentals like AirBNB w/attractive tourist experiences. Two retail storefronts add to the attractiveness with balanced revenue. Great opportunity to stabilize an investment portfolio with a business that anchors this location. Ideal for investor portfolio or owner occupied property. Has a very attractive entry cap rate with potential value add. Check out what this charming community has to offer! Proforma available for qualified buyer.

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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 2021-09-22T07:12:22.953.
    www.gillachgroup.com/homes/121209399
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    22 School St Rockport, MA 01966

    • Price: $1,249,900
    • Status: Active
    • Updated: 45 min ago
    • MLS #: 72891183
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    6,055
    SQFT
    $206
    $/SQFT
    1866
    Built
    Neighborhood:
    Other
    County:
    Essex
    Area:
    Other
    Property Description
    Rare Investor Opportunity Mixed-Use located in the heart of scenic Rockport. Steps to Front Beach with numerous shops and restaurants near Bearskin Neck. Rockport Harbor and renowned scuba diving at Back Beach are minutes away. This beautiful property has been under the same ownership for over 30 years. An income producer with a proven history. Two spacious 3-Bedroom residential units with under market rents make this a renters dream. Serious potential for short term seasonal rentals like AirBNB w/attractive tourist experiences. Two retail storefronts add to the attractiveness with balanced revenue. Great opportunity to stabilize an investment portfolio with a business that anchors this location. Ideal for investor portfolio or owner occupied property. Has a very attractive entry cap rate with potential value add. Check out what this charming community has to offer! Proforma available for qualified buyer.
    Exterior Features

    Construction Frame Location DowntownCorner Lot Parking Features 1-10 SpacesStreet Parking Spaces 2 Roof Material Asphalt/Composition Shingles Stories 3

    Interior Features

    Maf Building Sq Ft 0.00 Ref Building Sq Ft 2709.00 Rsf Building Sq Ft 3346.00 Total Building Sq Ft 6055.00 Waf Building Sq Ft 0.00

    Property Features

    Assessed Value Building 404300.00 Assessed Value Land 272400.00 Assessed Value Total 676700.00 Commercial Industrial Type Mixed Use Condo Association No Disclosure No Disclosures Owner Stated income And Expenses. Anchor Tenant (Rockport Pizza) Has A 5/5/5 Lease Effective 2021 $3300 Per Month With Annual 2% increase. Buyer/Buyer Agent To Do Own Due Diligence. Seller/Seller Agent Make No Representations Or Warranties. Update: Restaurant Heat is Propane Supplied Exchange No Gross Annual Expense 17110.00 Gross Annual Income 96600.00 Lease No Lender Owned No Mau Units 0 Net Operating Income 79490.00 Ofu Units 0 On File21 E No Reu Units 2 Rsu Units 2 Short Sale Lender App Required No Space Available For Sale Sublet No Tax Year 2021 Taxes 6591.00 Total Units 4 Utilities Public WaterPublic Sewer220 Volts Wau Units 0 Year Built Source Pr Zone Description Legal Conforming Zoning 0104/0325

    Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of John Wellington of Re/Max 360.


    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 2021-09-22T07:12:22.953.
     
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    The Gillach Group | William Raveis Real Estate
    191 Grove Street
    Chestnut Hill MA, 02467
    Listing courtesy of John Wellington of Re/Max 360.