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6 8 Grove

Topsfield, MA 01983

7 beds
5 baths
3,823 sqft
~1/2 acre lot
$366 per sqft
2014 build
– on site

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Extremely rare and unique legal four-unit multi-family. This 17,424 sq. ft. lot is located perfectly in downtown Topsfield (one minute walk to the Proctor Elementary School) consisting of three stand-alone buildings, two that were built in 2014, the other in 1920 and awards plenty of parking. A high-end gravity fed septic system was installed in 2014, town water a plus. With 7 bedrooms, 4 full bathrooms, and 1 half bathroom, this is a sure moneymaker. Low maintenance with too many positives to list! Investors have many options to create wealth. Buy and hold with long term tenants in place, buy and convert into four condos for a quick flip, or buy and reside in one unit and live for free. Rents are below current market conditions. This gem is available because sellers are moving out of state. No open house, buyers to be pre-approved or have proof of funds. Call today. Sold as is. First group showing Sunday at 4PM.

Listing courtesy of MLSPIN / Cudmore and Associates / RE/MAX On the River, Inc.

Last checked: Checking… • Last updated May 29, 2023 •

MLS# 72980853 —

The Building

Year Built:

2014
Year Built Source:

Owner
Construction Materials:

Frame
Roof:

Shingle
Basement:

Full
Foundation Details:

Concrete Perimeter
Exterior Features:

Rain Gutters
Window Features:

Screens
Patio And Porch Features:

Porch
Stories Total:

9
# of Units Total:

4
Building Area Total:

3823
Building Area Units:

Square Feet
Building Area Source:

Owner

Interior

Rooms Total:

17
Interior Features:

Storage, Storage, Kitchen, Kitchen
Flooring:

Tile, Carpet, Concrete, Hardwood
Fireplace:

false
Laundry Features:

Washer Hookup

Room Dimensions

Living Area:

3823

Location

Directions:

South Main St. to Grove St., house on the left.
Latitude:

42.639756
Longitude:

-70.950404

The Property

Property Type:

Residential Income
Property Subtype:

4 Family
Lot Features:

Cleared
Lot Size Units:

Acres
Lot Size Area:

0.4
Lot Size SqFt:

17424
Lot Size Acres:

0.4
Zoning:

CR
Waterview:

No
Waterfront:

false
Farm Land Area Units:

Square Feet
Road Surface Type:

Paved
Road Frontage Type:

Public
Road Responsibility:

Public Maintained Road

Listing Agent

Contact info:

Taxes

Tax Year:

2022
Tax Block:

0011
Tax Map Number:

0040
Tax Book Number:

32313
Tax Annual Amount:

13726.26
Tax Assessed Value:

824400

Beds

Bedrooms Total:

7

Baths

Total Baths:

4.5
Total Baths:

5
Full Baths:

4
Half Baths:

1

The Listing

Home Warranty:

false
Sub Agency Relationship Offered:

No

Heating & Cooling

Heating:

Unit Control, Unit Control
Heating:

true
Cooling:

false

Utilities

Utilities:

for Electric Range
Electric:

220 Volts
Sewer:

Private Sewer
Water Source:

Public

Appliances

Appliances:

Oil Water Heater,Gas Water Heater,Tank Water Heater,Tankless Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Dryer

Schools

Elementary School:

Proctor
Middle Or Junior School:

Masconomet
High School:

Masconomet

The Community

Senior Community:

false
Community Features:

Shopping

Parking

Garage:

false
Parking Total:

10
Parking Features:

Paved Drive
Open Parking:

true

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Xfinity

Provided by BroadbandNow®

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Sale history

Date	Event	Source	Price	% Change
9/30/22 Sep 30, 2022	Sold	MLSPIN	$1,400,000	-9.7%
7/6/22 Jul 6, 2022	Pending	MLSPIN	$1,550,000
5/19/22 May 19, 2022	Listed / Active	MLSPIN	$1,550,000

Multifamily Sold on 9/30/2022

$1,400,000

Listing provided by broker:

Cudmore and Associates

RE/MAX On the River, Inc.

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Listing Courtesy of: MLSPIN and RE/MAX On the River, Inc..

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) 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., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.

6 8 Grove

Topsfield, MA 01983