Property Attributes
- MLS#73211392
- TypeMulti-Family
- CountyESSEX
- CitySalem
- AreaSouth Salem
- Zip01970
- Style3 Family - 3 Units Up/Down
- Year Built1900
- Taxes$ 9739
- Price$ 1,250,000
- Bedrooms9
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage3778
- Lot Size5,227 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Turn key triple decker investment gem next to Salem State University, 1 mile to downtown Salem & Commuter Rail, 1/2 mile to schools and a short drive to local amenities. Renovated in 2020 with high efficiency gas heat/ tankless hot water, new plumbing & electrical, new meters, toilets, showers and appliances. Each unit features 3 beds, 1 bath & in-unit laundry with similar layouts and modern kitchens & baths. The building includes generous 2 car parking for each unit in the expansive fenced lot. This is a plug and play investment as an income property or condo conversion. All units rented well below market. Contact list agent for group showing info. **GROUP SHOWING SAT 3/30 2:15-3:00, CONTACT AGENT TO CONFIRM**
Elementary School | Middle School | High School |
---|---|---|
Hmls Elementary School | Collins Middle School | Salem High School |
Price History | |
---|---|
3/18/2024 | Listed $1,250,000 |
General Features
Interior Features | Pantry,Stone/Granite/Solid Counters,Upgraded Cabinets,Bathroom With Tub & Shower,Remodeled,Internet Available - Broadband,Living Room,Kitchen,Laundry Room,Sunroom |
---|---|
Sewer | Public Sewer |
Heating | Baseboard,Natural Gas,Unit Control |
Cooling | None |
Utilities | for Gas Range,for Electric Dryer,Washer Hookup |
Roof | Rubber |
Appliances | Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer |
Exterior Features | Balcony/Deck,Balcony,Rain Gutters |
Zoning | B1 |
Patio/Porch Features | Porch |
Construction Materials | Frame |
Year Built | 1900 |
Electric | Circuit Breakers,100 Amp Service |
Property SubType | 3 Family - 3 Units Up/Down |
Tax Year | 2024 |
Gross Income | 92340 |
Waterfront Features | Beach Front,1 to 2 Mile To Beach,Beach Ownership(Public) |
Community Features | Public Transportation,Shopping,Pool,Tennis Court(s),Park,Walk/Jog Trails,Golf,Medical Facility,Bike Path,Conservation Area,House of Worship,Marina,Private School,Public School,T-Station,University |
County | Essex |
Net Operating Income | 83524 |
Operating Expense | 8816 |
Insurance Expense | 4956 |
Property Type | Residential Income |
Garage Y/N | No |
Rent Includes | Unit 1(Water),Unit 2(Water),Unit 3(Water) |
Total Rooms | 18 |
Status | Active |
Directions | GPS |
High School | Salem |
City | Salem |
Disclosures | Some pictures of unit 2 show vacant from before current tenant mixed with pics including current tenant. All units currently occupied. |
Senior Community Y/N | No |
Total Units | 3 |
MLS Area | South Salem |
Lot Size Square Feet | 5301 |
Waterfront Y/N | No |
Street Name | Jefferson Ave |
Elementary School | Hmls |
Year Built Details | Actual |
Tax Annual Amount | 9739 |
Home Warranty Y/N | No |
Middle/Junior High School | Collins |
Water Sewer Expense | 3200 |
Building Area Units | Square Feet |
Standard Status | Active |
Year Built Source | Public Records |
Tax Assessed Value | 838100 |
Tax Lot | 0161 |
Total Actual Rent | 7695 |
Compensation Based On | Net Sale Price |
Sub-Agency Relationship Offered | No |
Interior Features
Basement | Full,Interior Entry,Sump Pump,Unfinished |
---|---|
Flooring | Tile,Hardwood,Wood,Stone/Ceramic Tile |
Total Stories | 6 |
Air Conditioning Y/N | No |
Heating Y/N | Yes |
Window Features | Skylight(s),Insulated Windows |
Fireplace Y/N | No |
Full Baths | 3 |
Laundry Features | Electric Dryer Hookup,Washer Hookup |
Total Bedrooms | 9 |
Total Baths | 3 |
Exterior Features
Fencing | Fenced/Enclosed |
---|---|
Parking Features | Paved Drive,Off Street,Assigned,Paved |
Lot Features | Level |
Water Source | Public |
Total Parking | 6 |
Lot Size Area | 0.12 |
Foundation Details | Stone |
Spa | No |
Building Area Total | 3778 |
Lot Size Acres | 0.12 |
Road Surface Type | Paved |
Lot Size Units | Acres |
Door Features | Insulated Doors |
Road Frontage Type | Public |
Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool