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Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,608 sqft
Price per Sqft $187
MLS Listing ID 73003787
Sold Date 08/31/22
Bedrooms 5
Full Baths 5
Half Baths 1
Year Built 1860
Annual Tax Amount $10,615
Tax Year 2022
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type 5-9 Family
Property Description
Exceptional investment opportunity. 6 unit multi family building in the heart of Salem. The iconic home to Ziggy's Donuts, offered for the first time in 57 years, is available for investors, developers and individuals seeking the advantages of fixed income properties. Own within walking distance of Salem Willows, Salem Harbor, Historic Downtown, Winter Island, shops, beaches, trains, restaurants and parks. The building features replacement windows, vinyl siding and newer gas water heaters. Comprised of 5 one bedroom, one bathroom units and one commercial unit, walk up attic and full basement. All units have individual utility meters. Rents are well below market value due to long term tenants. The attic is an oversized, dormered room with water views and opportunities for expansion. Interior photos are of unit 1 which is currently vacant. All units are similar in size and layout with slight variation. Ziggy's Donuts operates out of grandfathered commercial space on 1st floor.
Location
State MA
County Essex
Zoning R2
Direction Bridge to Webb to Essex
Rooms
Basement Full, Interior Entry, Concrete
Interior
Interior Features Unit 1 Rooms(Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen), Unit 4 Rooms(Living Room, Kitchen)
Heating Unit 1(Forced Air, Gas), Unit 2(Electric Baseboard, Electric), Unit 3(Electric Baseboard, Electric), Unit 4(Electric Baseboard, Electric)
Cooling Unit 1(Central Air)
Flooring Wood, Vinyl, Carpet
Appliance Unit 2(Range, Dishwasher, Refrigerator), Unit 3(Range, Refrigerator), Unit 4(Range, Refrigerator), Gas Water Heater, Utility Connections for Electric Range
Exterior
Community Features Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, House of Worship, Marina, Public School
Utilities Available for Electric Range
Waterfront Description Beach Front, Harbor, Sound, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Roof Type Shingle
Garage No
Building
Lot Description Corner Lot
Story 9
Foundation Stone, Irregular
Sewer Public Sewer
Water Public, Individual Meter
Others
Acceptable Financing Contract
Listing Terms Contract
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Bought with Kevin Pietrini • Coldwell Banker Realty - Beverly
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