$1,200,000
$1,300,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Amy Frizzi • Ivy Realty Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "