Seller's Agent in 2024
Steve Girolamo
Horvath & Tremblay
(978) 406-1789
1 in this area
26 Total Sales
24 Howard St Salem, MA 01970
Salem Common Neighborhood
11
Beds
11
Baths
4,368
Sq Ft
2,614
Sq Ft Lot
Highlights
- Marina
- Property is near public transit and schools
- Jogging Path
- Medical Services
- Community Pool
- 4-minute walk to Salem Common
About This Home
As of August 2024The Property contains eleven (11) residential units comprised of two (2), 1-Bedroom/1-Bathroom units, six (6) Studio units, and three (3), 2-Room Studio units. The Property has recently undergone extensive renovations to 10 of the 11 units. The renovated units feature hardwood flooring, granite countertops, white shaker cabinets, and stainless-steel appliances in the kitchens. The bathrooms feature tile flooring and walk-in showers. The property also features new coin-operated laundry machines for the tenants to use. The Landlord is responsible for electricity, heat, hot water, and domestic water and sewer. The Property has a central oil-fired furnace that provides heat and hot water for the units. The opportunity exists to increase rents to market rates in a desirable high demand and supply constrained residential market significantly increasing the income generating potential of the asset.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,438
Year Built
- Built in 1800
Lot Details
- 2,700 Sq Ft Lot
- Level Lot
Parking
- 1 Car Parking Space
Home Design
- Brick Foundation
- Shingle Roof
- Rubber Roof
Interior Spaces
- 4,368 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 11 Bedrooms
- 11 Full Bathrooms
Laundry
- Dryer
- Washer
Location
- Property is near public transit and schools
Listing and Financial Details
- Total Actual Rent $17,425
- Rent includes unit 1(heat electric water hot water), unit 2(heat electric water hot water)
- Assessor Parcel Number 4315840
Community Details
Overview
- 11 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Community Pool
- Park
- Jogging Path
- Bike Trail
Building Details
- Operating Expense $60,097
- Net Operating Income $151,643
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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 |
|---|---|---|---|---|
| 08/20/2024 08/20/24 | Sold | $2,360,000 | -9.2% | $540 / Sq Ft |
| 03/01/2024 03/01/24 | Pending | -- | -- | -- |
| 02/20/2024 02/20/24 | For Sale | $2,600,000 | -- | $595 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Agents Affiliated with this Home
-
Steve Girolamo
-
Jordan Ryan
Buyer's Agent in 2024
Jordan Ryan
Coldwell Banker Realty - Marblehead
(978) 530-7604
1 in this area
13 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73203858
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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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