Salem, MA 01970,73 Essex
Salem, MA 01970,73 Essex
Salem, MA 01970,73 Essex
Salem, MA 01970,73 Essex
Salem, MA 01970,73 Essex
Salem, MA 01970,73 Essex
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$1,200,000

$1,300,000

7.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

8 Beds

2.5 Baths

3,359 SqFt


SOLD DATE : 09/27/2024

Key Details

Sold Price $1,200,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,359 sqft

Price per Sqft $357

MLS Listing ID 73273671

Sold Date 09/27/24

Bedrooms 8

Full Baths 2

Half Baths 1

Year Built 1850

Annual Tax Amount $9,089

Tax Year 2024

Lot Size 0.260 Acres

Acres 0.26

Property Description

Discover a fantastic investment opportunity with this beautiful two-family home conveniently located near Salem’s vibrant shops, restaurants, and cultural attractions. Enjoy easy access to public transportation and major roadways, making this property a highly desirable location for tenants and homeowners alike. The first-floor unit boasts high ceilings, a recently renovated kitchen and bath, radiant floor heating, and modern appliances. The second floor offers two comfortable bedrooms and a newer kitchen. The partially finished third floor adds versatility with its four additional rooms. Set on a generous quarter acre lot with potential for significant expansion, this property combines contemporary upgrades with future growth possibilities. Enjoy the benefits of passive income with the potential for strong rental yields from the well-maintained units. Current owners have been using the second floor unit as a Airbnb grossing 50k/year.

Location

State MA

County Essex

Zoning R2

Direction Please use GPS

Interior

Interior Features Living Room, Kitchen

Heating Natural Gas

Flooring Wood

Appliance Range, Dishwasher, Refrigerator, Washer, Dryer

Exterior

Community Features Public Transportation, Shopping, Park, Highway Access

Waterfront false

Waterfront Description Beach Front,Ocean,1/2 to 1 Mile To Beach,Beach Ownership(Public)

Roof Type Shingle,Rubber

Total Parking Spaces 3

Garage No

Building

Lot Description Other

Story 3

Foundation Stone, Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by Little & Co., REALTORS®
Bought with Amy Frizzi • Ivy Realty Group
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(978) 501-2547

austin@oceanview-realestate.com

8 Elm St, Newton, Hampshire, 03858, United States

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