Seller's Agent in 2024
Jim Armstrong
Aluxety
(978) 394-6736
1 in this area
65 Total Sales
1 Prince St Salem, MA 01970
The Point Neighborhood
16
Beds
8
Baths
6,656
Sq Ft
9,583
Sq Ft
Highlights
- 0.22 Acre Lot
- Wood Flooring
- Living Room
- Property is near public transit
- Corner Lot
- 2-minute walk to Mary Jane Lee Park
About This Home
As of August 2024Investor's dream! Unlock immense potential with a total of eight 2-bedroom, 1-bath apartments in two separate 4 unit buildings situated on one parcel with 10 parking spaces in a paved lot. Separate electric. Rent includes heat/hot water. Currently, tenants are TAW, offering the chance to maximize returns as rents are currently well below market rates. Constructed in 1960, one building features an updated circuit breaker panel, recent roof replacement (2018) and updated kitchens, while the other one has newer vinyl siding (2020) but needs fuse panel and roof replacement . Insulated replacement windows in both structures, enhancing energy efficiency. Don't miss out on this potentially lucrative investment opportunity! Group Showings to well-qualified buyers on Saturday, April 27th at 11AM BY APPOINTMENT ONLY!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,804
Year Built
- Built in 1960
Lot Details
- 9,740 Sq Ft Lot
- Corner Lot
Home Design
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 6,656 Sq Ft Home
- Insulated Windows
- Living Room
- Range
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Parking
- 10 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
- Assigned Parking
Location
- Property is near public transit
Utilities
- Heating System Uses Oil
- Baseboard Heating
- Separate Meters
Listing and Financial Details
- Total Actual Rent $3,770
- Rent includes unit 1(heat water hot water), unit 2(heat water hot water), unit 3(heat water hot water), unit 4(heat water hot water)
- Assessor Parcel Number M:34 L:0341,4078867
Community Details
Overview
- 8 Units
- Property has 1 Level
Amenities
- Shops
Recreation
- Park
Building Details
- Electric Expense $669
- Insurance Expense $6,570
- Water Sewer Expense $7,941
- Operating Expense $56,111
- Net Operating Income $9,513
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/16/2024 08/16/24 | Sold | $1,750,000 | +2.9% | $263 / Sq Ft |
| 04/28/2024 04/28/24 | Pending | -- | -- | -- |
| 04/25/2024 04/25/24 | For Sale | $1,700,000 | -- | $255 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Agents Affiliated with this Home
-
Jim Armstrong
-
Francesca Little
Buyer's Agent in 2024
Francesca Little
Little & Co., REALTORS®
(978) 745-4447
11 in this area
32 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73228864
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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