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Home Massachusetts Wakefield Multi-Family Homes for Sale

21-21A Princess St Wakefield, MA 01880
76 Days on Boardwalk Properties
7
21-21A Princess St, Wakefield, MA 01880
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$999,000
3 Unit
4 Beds
5 Baths
3500 SQFT
0.08 Acre

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
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Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Total Half Baths: 3
  • Amenities: Bike Path, Highway Access, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Basement Features: Bulkhead, Full, Interior Access
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Appliances: Dishwasher, Disposal, Range, Refrigerator, Vent Hood
  • Common Heating: Extra Flue, Gas, Gas, Geothermal Heat Source, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Individual, Oil
  • Common Cooling: Central Air

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided, Projected
  • Gross Operating Income: 86400
  • Gross Expenses: 4900
  • Water/Sewer: 4000
  • INSC: 900
  • Net Operating Income: 43500

Utilities

  • Heat Zones: 3
  • Cooling Zones: 1
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1880
  • Type: 3 Family - 3 Units Up/Down
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73208182
  • Last Updated: 05/19/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/15/2024Extended$999,000$285MLSPIN
05/15/2024Extended$999,000$217MLSPIN
05/15/2024Extended$999,000MLSPIN
03/08/2024Active$999,000$285MLSPIN
03/04/2024New$999,000$285MLSPIN
12/16/2023Active$999,000$217MLSPIN
12/16/2023Active$999,000MLSPIN
12/12/2023Price Change$999,000$217MLSPIN
12/12/2023Price Change$999,000MLSPIN
12/11/2023Active$1,100,000$239MLSPIN
12/05/2023Active$1,100,000MLSPIN
12/01/2023New$1,100,000MLSPIN
11/28/2023New$1,100,000$239MLSPIN
07/24/2022Expired$999,999$278MLSPIN
04/03/2022Temporarily Withdrawn$999,999$278MLSPIN
02/28/2022Active$999,999$278MLSPIN
03/03/2020Canceled$925,000$257MLSPIN
03/03/2020Temporarily Withdrawn$925,000$257MLSPIN
11/23/2019Active$925,000$257MLSPIN

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Seller's Representative: Richard Spinosa, Realty Direct Somerville
Sub Agent Compensation: 2
Buyer Agent Compensation: 2
Facilitator Compensation: 0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: Yes

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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.

MLS PIN data last updated at 2024-05-19 03:05:00

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