Classified Realty Group

70 Ocean Avenue, Salem, MA 01970


Sale Price

Approx. GLA
Located between Salem State University and Downtown Salem, this well-maintained three unit building offers the next owner 7+ parking spaces, outdoor space for tenants to enjoy, 3 new heating systems installed in 2017, coin-operated laundry, and units with replacement windows, hardwood floors and tall ceilings. Tenants are at-will. The building has 3 living levels with one unit per floor. Unit 1: 1+BR, 1 bath, 3 parking spaces with potential for 2 bedrooms ($1,275 per month); Unit 2: 1BR, 1 bath with 2 parking spaces ($900 per month); Unit 3: 1BR, 1 bath with 1 parking space ($800 per month).
Sale Price: $547,000
Settled Date: 3/15/2019 12:00:00 AM
Basement Features: Full, Bulkhead, Concrete Floor
List Price: $499,900
Type: Multi-Family
Multi-Family Type: 3 Family
Status: Sold
Beds: 3
Baths: 3
Units: 3
Year Built: 1870
Year Round: Yes
Approx. GLA: 2,329
MLS#: 72448434
Basement: Yes
Electric Features: Circuit Breakers
Heating Units: 3
Heating Zones: 3
Flooring: Wood, Tile, Vinyl
Rooms: 10
Lead Paint: Unknown
Total Floors: 3
Water: No
Acres: 0.12
Lot Size: 5,227.00
Lot Description: Corner
Foundation: Other (See Remarks)
Parking Spaces: 7
Parking Features: Off-Street, Tandem, Paved Driveway
Road Type: Public
Color: Gray
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Exterior: Wood
Exterior Features: Deck - Wood
Water: City/Town Water
Water: City/Town Water
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $435,600
Taxes: $6,578
Tax Year: 2019
Book/Page: 18948/175
Beach: Yes
Miles to Beach: 3/10 to 1/2 Mile
Beach Description: Harbor
Beach Ownership: Public
Gross Income: $15,300
Total Rent: $2,975
Net Income: $15,300
Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University
Disclosure Declaration: No
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 4 1 0 1 1 0 No 1 $1,275
Unit 2 3 1 0 2 1 0 No 1 $900
Unit 3 3 1 0 3 1 0 No 3 $800
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The listing office is Sagan Harborside Sotheby's International Realty and the listing agent is Compass Partners. 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 it's 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. The data was last modified on 12/18/2018 2:44:00 PM.
Classified Realty Group