Seller's Agent in 2021
Kathy Sullivan
RE/MAX
(781) 771-9949
2 in this area
60 Total Sales
8 - 8 1/2 Herbert St Salem, MA 01970
Derby Street Neighborhood
10
Beds
9
Baths
5,265
Sq Ft
2,614
Sq Ft Lot
Highlights
- Wood Flooring
- Patio
- 3-minute walk to Derby Garden
- Fenced Yard
- Garden
About This Home
As of August 2021Rare, 9 unit investment property for sale at a very attractive 7.1% Cap Rate. Located in the historic Derby Street area, minutes from Salem Common, Hawthorne Hotel, numerous shops and restaurants, Peabody Essex Museum, Salem Harbor, Salem Train Station and nearby beaches at Salem Willows Park, Collins Cove, Winter Island and Dead Horse Beach. The 9 units (8 one-bed and one lead compliant two-bed unit) are distributed across a 2 family and a 7 unit building. All leases are TAWs and many tenants have been there for several years. Pro-forma analysis and rent roll are available to qualified buyers. All offers must include pre-approval from lender and proof of funds. First showings to qualified buyers will be by appointment between 1 pm - 3 pm on Saturday June 5 and Sunday June 6. Face masks required.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- Year Round Access
- Fenced Yard
- Garden
Flooring
- Wood
- Tile
Utilities
- Water Holding Tank
- Natural Gas Water Heater
Additional Features
- Window Screens
- Patio
- Basement
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Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/03/2021 08/03/21 | Sold | $1,626,000 | -1.5% | $309 / Sq Ft |
| 06/11/2021 06/11/21 | Pending | -- | -- | -- |
| 06/01/2021 06/01/21 | For Sale | $1,650,000 | -- | $313 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Agents Affiliated with this Home
-
Kathy Sullivan
-
Terry Sullivan
Seller Co-Listing Agent in 2021
Terry Sullivan
RE/MAX
(781) 771-9929
2 in this area
31 Total Sales
-
Laurence Tamkin
Buyer's Agent in 2021
Laurence Tamkin
Boston Commercial Realty
(617) 922-4121
1 in this area
26 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72840948
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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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