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Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type 4 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,521 sqft
Price per Sqft $340
MLS Listing ID 73190503
Sold Date 02/14/24
Bedrooms 7
Full Baths 4
Year Built 1890
Annual Tax Amount $9,740
Tax Year 2023
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type 4 Family
Property Description
A true cash cow next to Salem State University, 1 mile to downtown Salem & Commuter Rail, 1/2 mile to Salem High School, HMLS elementary and local amenities. Seller has done extensive updating. All units have in-unit laundry and share generous 8 car parking. Three 2 bedroom units and a townhouse style 1 bedroom unit. Two of the 2 bedroom units are renovated (2023), one was updated (2019). This is entirely turn-key. Unit 1 rented at $2400, unit 2 at $2600, unit 3 at 2600 and a 1 bedroom rented at $2150. 117k gross annual income. Two car parking for each unit.
Location
State MA
County Essex
Area South Salem
Zoning B1
Direction GPS
Rooms
Basement Full
Interior
Flooring Tile, Laminate, Hardwood
Appliance Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Electric Dryer
Laundry Washer Hookup
Exterior
Exterior Feature Porch, Patio, Balcony
Fence Fenced/Enclosed
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Utilities Available for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup
Waterfront Description Beach Front,Harbor,1 to 2 Mile To Beach,Beach Ownership(Public)
Roof Type Shingle
Total Parking Spaces 8
Garage No
Building
Lot Description Level
Story 7
Foundation Stone
Sewer Public Sewer
Water Public
Schools
Elementary Schools Hmls
Middle Schools Collins
High Schools Salem
Others
Senior Community false
Acceptable Financing Contract
Listing Terms Contract
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Bought with Altin Shishko • Coldwell Banker Realty - Westwood
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