NOT LISTED FOR SALE
10 Beds
6 Baths
4,095 Sq Ft
3,049 Sq Ft Lot

Last Sold December 10, 2021

Last sale price $1,080,000 $264 Per Sq Ft

23 Days on Market

About This Home

As of December 2021

New investment opportunity in Salem! This 6 family has five 2 bedrooms and one studio apartment. One high efficiency heating system services all units. Tenants pay for electric. Includes one small driveway that can fit two cars tandem. Please see attached paperclip document for detailed income and expenses as well as a rent roll.

Last Agent to Sell the Property

Francesca Little

Little & Co., REALTORS® Listed on: 09/07/2021

Last Buyer's Agent

Oye Dosumu

Coldwell Banker Realty - Beverly

Coldwell Banker Realty - Beverly

Property Details

Home Type

  • Multi-Family

Year Built

  • 1915

Lot Details

  • 3,049

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Year Built

1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • Directions: Harbor st to Prince st
  • Garage Yn: No
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1915

Interior Features

  • Appliances: Gas Water Heater
  • Total Bathrooms: 6
  • MAIN LO: C67600
  • LIST PRICE PER Sq Ft: 292.8
  • PRICE PER Sq Ft: 263.74
  • MAIN SO: AN6181
  • Full Bathrooms: 6
  • Total Bedrooms: 10
  • Fireplace: No
  • Flooring: Wood
  • Stories: 9

Exterior Features

  • Roof: Slate
  • Foundation Details: Stone
  • Disclosures: Buyer To Do Their Own Due Diligence To Verify Income And Expenses. Property In The Flood Zone. Annual Flood Insurance Is $1, 700.
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive, Tandem
  • Open Parking: Yes
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 3700

Lot Info

  • LOT SIZE: 3128
  • PAGE: 263
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 3049.2
  • Zoning: R3

Multi Family

  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 3
  • FLRS 2: 2
  • Electric Expense: 665
  • Annual Gross Income: 99456
  • Insurance Expense: 3500
  • Property Net Operating Income: 71118
  • Number Of Units Total: 6
  • Annual Operating Expense: 23365
  • Total Actual Rent: 8288

Tax Info

  • Tax Annual Amount: 9200
  • Tax Book Number: 27201
  • Tax Year: 2020

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
12/10/2021 12/10/21 Sold $1,080,000 -15.3% $264 / Sq Ft
10/01/2021 10/01/21 Pending -- -- --
09/07/2021 09/07/21 For Sale $1,275,000 -- $311 / Sq Ft
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: 72890675

MLS Property Information Network (MLS PIN)