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Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $220
MLS Listing ID 72939365
Sold Date 03/04/22
Bedrooms 4
Full Baths 2
Year Built 1850
Annual Tax Amount $6,420
Tax Year 2021
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Multi Family
Property Description
Contractors and Investors take notice! Incredibly rare opportunity for the right buyer. This type of property in this location at this price does not come on the market often. This home will not qualify for conventional financing (First floor kitchen has been gutted). Condo Conversion or Investment opportunity. The buyer of this home can put in the work to rehab and convert this property into 2 condos, or pour some sweat equity to create an investment property in a premiere downtown Salem location. 2 Car Garage with Off Street Parking. Sizable backyard. A Stone's Throw to Collins Cove, Pickering Wharf, Salem Willows, The Ferry Landing & More. Property being sold AS IS. Property delivered vacant, rents are projected.
Location
State MA
County Essex
Zoning R2
Direction Derby Street to Essex Street
Rooms
Basement Full
Interior
Heating Steam
Cooling Other
Appliance Washer
Laundry Laundry Room
Exterior
Garage Spaces 2.0
Fence Fenced/Enclosed
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Highway Access, House of Worship, Public School, T-Station, University
Waterfront Description Waterfront, Beach Front, Ocean, Harbor, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Roof Type Shingle
Total Parking Spaces 6
Garage Yes
Building
Story 3
Foundation Block
Sewer Public Sewer
Water Public
Schools
Elementary Schools Bentley
Middle Schools Collins
High Schools Salem
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Bought with Matthew Sears • Armstrong Field Real Estate
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