420 Water St
$1,200,000
8
Beds
4
Baths
4,256
Sqft
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NEW CONSTRUCTION
$1,200,000
8
Beds
4
Baths
4,256
Living Area
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Property Description
TURNKEY 3-UNIT/$81,600 INCOME/BONUS BUILDING W/EXPANSION PLANS. Each updated unit features separate utilities, in-unit laundry, sprinkler system, and city water/sewer. Spacious layouts with high ceilings-two 3 BR units and one 2 BR unit-plus assigned off-street parking. Prime location along the Merrimac River, close to amenities with public transportation at your doorstep. Low-maintenance building ideal for a condo conversion. Bonus: detached building with architectural plans for utility tie-in and potential ADU or additional unit-expand and increase value! Perfect 1031 exchange opportunity.
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Highlights
- Cooling: Central Air
- Heating: Forced Air, Natural Gas, Individual, Unit Control
- Parking Spots: 7
- Property Type: 3 Family
- Total Rooms: 16
- Status: Active
- Has View: Yes
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1900
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Additional Details
- Appliances: Range, Dishwasher, Microwave, Refrigerator
- Exclusions: Washer/Dryers Belong To Tenants.
- Flooring: Varies, Laminate, Wood
- Interior Features: Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Open Floorplan, Remodeled, Internet Available - Broadband, Kitchen, Laundry Room, Living RM/Dining RM Combo, Office/Den
- Road Frontage Type: Public
- SqFt Source: Other
- View: Scenic View(s)
- Year Built Source: Public Records
- Construction: Frame, Brick
- Exterior Features: Sprinkler System, Varies per Unit
- Foundation: Concrete Perimeter, Brick/Mortar
- Lot Features: Corner Lot, Level
- Roof: Shingle
- Total Number of Units: 3
- Year Built Details: Approximate, Renovated Since, To Be Built
- Zoning: residentia
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station, Sidewalks
- Parking Features: Paved Drive, Shared Driveway, Off Street, Assigned, Common, Driveway, Paved
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Utilities
- Electric: Circuit Breakers, Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $532,800
- Tax Year: 2025
- Total Rent: $6,800
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $5,706
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Content © 2025 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Century 21 North East.
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