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Key Details
Sold Price $825,000
Property Type Multi-Family
Sub Type 4 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,634 sqft
Price per Sqft $227
MLS Listing ID 72385841
Sold Date 11/13/18
Bedrooms 7
Full Baths 4
Year Built 1915
Annual Tax Amount $5,790
Tax Year 2018
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type 4 Family
Property Description
Investors Dream or Live for Free in beautiful 4 family in nice area of Salem, close to everything yet quiet and private. $72,000.00 + gross annual income. Low overhead, Low expenses & never a problem renting. Great positive cash flow. Each unit has separate utilities (all in excellent condition) with ample off- street parking. Cook out or just hang out in enclosed spacious back yard. Plenty of basement storage area for tenants as well as coin operated washer and dryer to be included. As an added bonus, the house was approved by the City years ago to be converted into Condos but the owners maintained it as a 4 family. All plans available if new owner wants to pursue this option. This is an excellent opportunity for the smart buyer in a vibrant community.
Location
State MA
County Essex
Zoning R2
Direction Hancock runs between Lafayette and Canal St on the Lafayette end.
Rooms
Basement Full, Interior Entry, Bulkhead, Concrete, Unfinished
Interior
Interior Features Unit 1(Ceiling Fans), Unit 2(Ceiling Fans), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen), Unit 3 Rooms(Living Room, Dining Room, Kitchen, Living RM/Dining RM Combo), Unit 4 Rooms(Living Room, Dining Room, Kitchen)
Heating Unit 1(Gas), Unit 2(Gas), Unit 3(Oil), Unit 4(Electric)
Flooring Wood, Unit 2(Hardwood Floors), Unit 3(Hardwood Floors)
Appliance Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Unit 4(Range, Refrigerator), Oil Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
Exterior
Exterior Feature Balcony, Rain Gutters, Garden
Fence Fenced/Enclosed
Community Features Public Transportation, Park, Walk/Jog Trails, Medical Facility, Bike Path, House of Worship, Marina, Private School, Public School, T-Station, University, Sidewalks
Utilities Available for Gas Range, for Electric Range
Waterfront Description Beach Front, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Roof Type Slate
Total Parking Spaces 6
Garage No
Building
Lot Description Wooded, Level
Story 7
Foundation Block, Stone
Sewer Public Sewer
Water Public
Schools
Elementary Schools School Choice
Middle Schools 2 Options
High Schools Salem High
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Bought with Tim Phelan • JTP Realty
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