22 School StreetRockport, MA 01966MLS Number 72891183

  • Price: $1,249,900
  • 14 Days on Market
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Federal 30-year interest rate: 2.86% last updated on Sep 16, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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22 School Street Rockport MA 0196622 School Street Rockport MA 0196622 School Street Rockport MA 0196622 School Street Rockport MA 0196622 School Street Rockport MA 0196622 School Street Rockport MA 0196622 School Street Rockport MA 0196622 School Street Rockport MA 0196622 School Street Rockport MA 0196622 School Street Rockport MA 0196622 School Street Rockport MA 0196622 School Street Rockport MA 0196622 School Street Rockport MA 0196622 School Street Rockport MA 0196622 School Street Rockport MA 0196622 School Street Rockport MA 0196622 School Street Rockport MA 01966
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  • 0.11Acreage
  • 1866Year Built
  • 6,055Square Feet
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.
Listed by John Wellington of RE/MAX 360

Driving Directions

Colonial Manor Realty
Colonial Manor Realty
Office: 781-290-7425
127 Franklin St
Reading, MA 01867

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More Info

Parking

  • Parking Spaces2
  • Parking Feature1-10 Spaces, Street
  • Total Parking Spaces2

Building

  • Year Built1866
  • ConstructionFrame
  • Total Units4
  • Total Bldg Sf6055
  • Rsu Units2
  • Reu Units2
  • No Buildings1
  • No Stories3
  • Entry OnlyNo
  • Assessed Value Bldg404300

Basic Information

  • MLS Number72891183
  • Prop TypeCI
  • Status Date2021-09-08T07:12:00
  • Date Listed09/08/2021
  • List Price$1,249,900
  • Price Per Square Foot$206
  • LeaseNo
  • DirectionAt the cross street of Broadway and School St. Retail location has frontage on Broadway.
  • MLS StatusActive

Exterior

  • Roof MaterialAsphalt/Composition Shingles

Utilities

  • UtilitiesPublic Water, Public Sewer, 220 Volts

Photos

  • Photo Date2021-09-08T07:12:00
  • Number of Photos17

Other

  • Modification Date2021-09-12T03:05:00
  • Property TypeMixed Use
  • Listing AlertNo
  • Year Built SourcePublic Record
  • DisclosureNo
  • DisclosuresOwner stated income and expenses. Anchor tenant (Rockport Pizza) has a 5/5/5 Lease effective 2021 $3,300 per month with annual 2% increase. Buyer/Buyer agent to do own due diligence. Seller/Seller agent make no representations or warranties. Update: Resta
  • Book9927
  • Listing AgreementExclusive Right to Sell
  • Rsf Bldg Sf3346
  • Ref Bldg Sf2709
  • ExchangeNo
  • Firm Rmk1Anchor tenant (Rockport Pizza) has a 5/5/5 Lease effective 2021 $3,300 per month with annual 2% increase. Email for proforma information. John@SoldinMA.com or 781-797-0766. Buyer/Buyer agent to do own due diligence. Seller/Seller agent make no represent
  • Page484

Location

  • StreetSchool Street
  • TownRockport
  • StateMA
  • Zip01966
  • Zip Code 41616
  • CountyEssex
  • LocationDowntown, Corner Lot

Property

  • Acreage0.11
  • Net Operating Inc79490
  • Space AvailableFor Sale
  • Square Feet6,055
  • SubletNo
  • Gross Annual Exp17110
  • Lot Size4792
  • Gross Annual Income96600
  • Condo AssociationNo
  • Assessed Value Land272400
  • Main LoAN4305
Listed by John Wellington of RE/MAX 360

The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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