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Key Details
Sold Price $670,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,606 sqft
Price per Sqft $257
MLS Listing ID 72781016
Sold Date 04/21/21
Bedrooms 6
Full Baths 2
Year Built 1917
Annual Tax Amount $5,880
Tax Year 2020
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Multi Family
Property Description
Well maintained 2 Family located near Salem State, Salem Harbor and Forest River Park. This 12 room 6 bedroom property boasts beautiful original details in both units including hardwood floors, built in china cabinets and decorative molding. Each unit has a living room, dining room, 1 bath and 3 bedrooms. This solid property has many updates; In 2020- new roof, gutters, soffits, chimney was rebuilt, front and rear porches were rebuilt using composite decking and 2 new water heaters. 2018- 2 new boilers. All utilities are separate and there are leases in place until May 31,2021. Parking for 5 and washers / dryers are nice amenities for the tenants! The current rents are well below market value. The projected annual income for the property is $50,400 (Unit 1 $2000 and unit 2 $2200 a month) which makes this a solid investment!
Location
State MA
County Essex
Zoning R2
Direction Lafayette street to Linden St to Geneva Street
Rooms
Basement Full, Interior Entry, Unfinished
Interior
Interior Features Storage, Unit 1(Bathroom With Tub), Unit 2(Stone/Granite/Solid Counters, Bathroom with Shower Stall), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen)
Heating Baseboard, Natural Gas, Unit 1(Hot Water Radiators, Gas), Unit 2(Hot Water Radiators, Gas)
Cooling None, Unit 1(None), Unit 2(None)
Flooring Wood, Tile, Unit 1(undefined), Unit 2(Hardwood Floors)
Appliance Washer, Dryer, Unit 1(Range, Dishwasher, Refrigerator), Unit 2(Range, Dishwasher, Refrigerator), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Laundry Laundry Room, Washer Hookup
Exterior
Exterior Feature Rain Gutters, Storage
Community Features Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, House of Worship, Marina, Private School, Public School, T-Station, University
Utilities Available for Gas Range, for Electric Oven, for Electric Dryer, Washer Hookup
Waterfront Description Beach Front, Beach Access, Ocean, Walk to, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Roof Type Shingle
Total Parking Spaces 5
Garage No
Building
Lot Description Level
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Schools
Elementary Schools Choice
Middle Schools Collins Ms
High Schools Shs
Others
Senior Community false
Acceptable Financing Contract
Listing Terms Contract
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Bought with Melanie Tummino • Longwood Residential, LLC
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