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Comprehensive permit approved and secured to build 20 net new rental units under chapter 40b. Rental units approved as 12 x 1 bedroom units, 6 x 2 bedroom units, 2 x 3 bedroom units Projected rents/monthly/annual income: pro forma included in attached sales deck. Buyer will work with already paid 40b consultant to finalize state approval. To finalize Buyer will need to secure financing. Building permit is waiting for new buyer to complete, with all documentation submitted and approved by the town. Hard costs based on actual bids which will be shared with prospective buyer(s). Possible condo conversion available / multiple exit strategies.

Property Details of 52 Plain Street

Property Details

Community

Nearest Landvest Office

Manchester-by-the-Sea, MA

Manchester-by-the-Sea, MA

24 Bridge Street,
Suite 202,
Manchester-by-the-Sea, MA 01944

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