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Key Details
Sold Price $2,800,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 13,266 sqft
Price per Sqft $211
MLS Listing ID 72891839
Sold Date 11/24/21
Bedrooms 30
Full Baths 12
Year Built 1920
Annual Tax Amount $21,824
Tax Year 2021
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type 5-9 Family
Property Description
Great investment opportunity located next-door to Pickering Wharf. The property includes 2 all-brick multi-family buildings with 6 units in each. Units in building 46-44 are all 3 bedrooms and units in 50-48 are 2 bedrooms. Take advantage of rising property values and the increasing rental income of downtown Salem. Buildings are fully tenanted and have been family owned and maintained for over 18 years. Renovations of the property have been completed during this time. Unfinished private basement with working half bath provides opportunity for a workshop, storage space or future laundry room for new owner. Owner is also listing the units to be sold separately- see individual listings for details. Please see the document attached for income/expenses and a rent roll. Open house by appointment only- 9/12 between 10-2pm.
Location
State MA
County Essex
Zoning R3
Direction 114 East to Peabody street to Ward Street in Salem
Rooms
Basement Full, Partial, Concrete
Interior
Interior Features Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen)
Laundry Unit 1(Washer Hookup, Dryer Hookup)
Exterior
Community Features Public Transportation, Shopping, Park, T-Station, University
Waterfront Description Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Roof Type Rubber
Garage No
Building
Lot Description Other
Story 3
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Cudmore and Associates • RE/MAX On the River, Inc.
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