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Attention investors, contractors, and savvy buyers — bring your vision to this spacious attached 2-family home with strong value-add potential near Lake Gardner, downtown Amesbury, and the town park. In need of updates and renovation, this property offers an excellent opportunity to build equity, generate rental income, or create a multigenerational living setup. The first unit(first floor) offers a one-level layout with 1 bedroom, while the larger upper unit (second and third floor) spans two floors and includes 4 bedrooms plus a bonus room, providing flexible living space and strong rental potential. A large yard offers room for entertaining and outdoor enjoyment, and off-street parking accommodates up to 3 vehicles. No condo fees or shared ownership. A great opportunity for those looking to invest, renovate, and unlock this property's full potential. Sale subject to seller securing suitable housing. ***There are 2 owners to this. The right side is the only one for sale***
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$555,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $444,000 | $444,000 | $444,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | $664 | $664 | $664 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,734 | $2,843 | $3,717 |
| Total Monthly Payment | $3,490 | $3,599 | $4,473 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.