$795,000
SOLD MAR 29, 2016

127 Canal St Salem, MA 01970

South Salem Neighborhood
12 Beds
5 Baths
6,246 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$127 Per Sq Ft

6% Below List Price

15 Days on Market

About This Home

As of March 2016

This is a rare opportunity to purchase a four unit multi-family apartment complex located a few blocks from Salem State University (with over 9,000 Students) making it a highly marketable leasing area, especially to Students. This property also has the possibility to be a Condo-Conversion Project. The owner already has the condo documents for the four units surveyed and available. There are two buildings on the property - one is a three family house (each with 3 bedrooms and 1 bath) and the other is a converted two-story free standing house (with three bedrooms and 1 ½ baths). These large three bedroom units have an open floor plan. This property has a full basement with washer dryer hookup and space for a workshop/studio plus plumbing for a bathroom. All the units are separately metered. The floors are a mix of hardwood, tile and linoleum. The site has 10 parking spaces plus an outdoor patio. This is an ideal property for a new or seasoned investor. 9.6% Cap

Last Agent to Sell the Property

Neil Denenberg

Denenberg, Realty Listed on: 01/19/2016

Last Buyer's Agent

Osnat Levy

eXp Realty

eXp Realty

Property Details

Home Type

Multi-Family

Year Built

1948

Lot Details

0

Listing Details

  • Lot Description: Corner
  • Property Type: Multi-family
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 20
  • Total Levels: 5

Exterior Features

  • Foundation: Poured Concrete

Garage/Parking

  • Parking Spaces: 10

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 4

Lot Info

  • Assessor Parcel Number: M:33 L:0104
  • Zoning: B4

Multi Family

  • APOD Available: Yes
  • Expenses Year End: 12/15
  • Total Bedrooms: 12
  • Total Floors: 6
  • Total Full Baths: 5
  • Total Levels: 3
  • Total Rms: 20
  • Total Rent_1: 8800

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2016 08/15/16 Rented $2,200 0.0% --
08/11/2016 08/11/16 Under Contract -- -- --
07/29/2016 07/29/16 For Rent $2,200 0.0% --
03/29/2016 03/29/16 Sold $795,000 -6.5% $127 / Sq Ft
02/03/2016 02/03/16 Pending -- -- --
01/19/2016 01/19/16 For Sale $850,000 -- $136 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Roberta Nelson

    Classified Realty Group

    (781) 910-2492

    18 Total Sales

    Roberta Nelson
    Section Image

  • N

    Seller's Agent in 2016

    Neil Denenberg

    Denenberg, Realty

    (617) 720-5656

    1 Total Sale

    Neil Denenberg
    Section Image

  • N

    Buyer's Agent in 2016

    Non Member

    Non Member Office

  • Osnat Levy

    Buyer's Agent in 2016

    Osnat Levy

    eXp Realty

    (617) 833-1055

    85 Total Sales

    Osnat Levy
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71950338

MLS Property Information Network (MLS PIN)

APN: SALE M:33 L:0104

Massachusetts Essex County Salem 01970 South Salem

127 Canal St, Salem, MA

This home is located at 127 Canal St, Salem, MA 01970 and is currently priced at $795,000, approximately $127 per square foot. This property was built in 1948. 127 Canal St is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) 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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