NOT LISTED FOR SALE

206 Salem Rd Tewksbury, MA 01876

7 Beds
4 Baths
2,476 Sq Ft
0.25 Acres

Last Sold December 29, 2016

Last sale price $500,000 $202 Per Sq Ft

11 Days on Market

About This Home

As of December 2016

Investors take notice of this rare opportunity to purchase a clean 4-unit property in a great location. The building was renovated in 2000, including new windows, heating systems, siding, and electrical panels. The roof and hot water heaters are recent. All 4 units have hardwired smoke detectors that are monitored by a professional security company. There are three 2 bedroom units on the first floor, and a 1 bedroom unit on the second floor. Fully tenanted, the property should gross over $50k/year, with approximately $15k in expenses. Plenty of off-street parking. A great opportunity!

Last Agent to Sell the Property

Kyle Vogt

William Raveis R.E. & Home Services Listed on: 11/04/2016

William Raveis R.E. & Home Services

Last Buyer's Agent

Ellen Capua

Lamacchia Realty, Inc.

Property Details

Home Type

Multi-Family

Year Built

1925

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Shared Drive, Level
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Unknown
  • Year Round: Yes
  • Insc: 2890
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1925

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 18
  • Amenities: Public Transportation, Shopping, Park, Highway Access
  • Electric: Circuit Breakers
  • Energy: Insulated Windows
  • Flooring: Tile, Wall to Wall Carpet, Laminate
  • Basement: Full, Bulkhead, Unfinished Basement
  • Total Levels: 4

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame, Brick
  • Exterior: Vinyl, Brick
  • Exterior Features: Porch, Patio, Gutters
  • Foundation: Irregular

Garage/Parking

  • Parking: Off-Street, Common, Paved Driveway
  • Parking Spaces: 8

Utilities

  • Heat Zones: 4
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Electric Range, for Electric Dryer, Washer Hookup
  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Sewer: 3123

Condo/Co-op/Association

  • Total Units: 4

Lot Info

  • Zoning: RG

Multi Family

  • APOD Available: Yes
  • Heat Units: 4
  • Total Bedrooms: 7
  • Total Floors: 5
  • Total Full Baths: 4
  • Total Levels: 2
  • Total Rms: 18
  • Total Rent_1: 4050

Range of Values:

Collateral Analytics

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ICE

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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
12/29/2016 12/29/16 Sold $500,000 -4.7% $202 / Sq Ft
11/15/2016 11/15/16 Pending -- -- --
11/04/2016 11/04/16 For Sale $524,900 0.0% $212 / Sq Ft
11/30/2012 11/30/12 Rented $1,200 0.0% --
10/31/2012 10/31/12 Under Contract -- -- --
10/25/2012 10/25/12 For Rent $1,200 -- --
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72089760

MLS Property Information Network (MLS PIN)