Property Description

Turn-key 12-unit multifamily in downtown Amesbury. Main building: 11 units in a beautifully maintained Victorian-era hotel with original ornate details, plus a detached 2BR/2.5BA home (2009 conversion) with all separate utilities. Extensive capital improvements completed in recent years with no deferred maintenance—buyer can expect minimal upkeep for years ahead. Four units renovated by Ricci Design-Build in the last 5 years with high-end finishes; 4 more units plus the single family updated by prior owner. Well-maintained gas heating systems, private parking, and income-producing laundry. Quiet, responsible tenants, many long-term, ensure stable occupancy and cash flow. Desirable walkable location with on-site handyman. Fully leased, cash-flowing, and poised for further upside with some below-market rents. Financials available upon request.