Sold

1 Japonica Ave, Salem, MA

Salem · MA 01970

$918,000
Price
8
Beds
3
Baths
3174
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1915
Units: 3 Units
Lot size: 0.27 Acre Lot
Price per square foot: $252 / Sq.Ft
Parking: 4 Garage Spaces · 6 Off Street Spaces

About this home

Charming well maintained 3 family on corner lot in the heart of Salem! This large 16 room 8+ bed 3 family features two very spacious 1st and 2nd floor units and a 3rd floor 1 bedroom unit with spectacular views from the roof-deck. All utilities were separated and gas heating systems within the past 10 years. New garage roof. Garage spaces rented for additional $500 a month! The property sits on a huge lot with 4 garage spaces, 6+ additional off-street parking spaces and a spacious back yard for entertaining. Coin-Op Laundry in basement brings in extra income. The property is in close proximity to major highways, public transportation and downtown Salem. Come take advantage of the great cash flow opportunity for investors or owner-occupied while renting out the other units. Great Condo Conversion or Development Opportunity with the huge lot! Cash Cow with over $6,400 in monthly income! Open House Sunday 7/18, 12-2pm. Offers due Tuesday 7/20 at 2pm.

Neighborhood & Transit

1 Japonica Ave, Salem · MA 01970

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

No subway or commuter rail stations within 0.5 mile.

Price Insight

Days on Market:
1652 days
Listing Price:
$799,900
Price per Sq.Ft:
$252
Tax Assessment:
$663,900 in 2021
Taxes:
$763 / Monthly

Home Facts

Interior Features

Bedrooms
8
Full Bathrooms
3
Half Bathrooms
0
Living Area
3,174 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
Unknown
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Circuit Breakers, 100 Amps

Exterior Features

Lot Size
11,935 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
4 Parking Spaces
Off Street Parking
6 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Unknown
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Mark Pitzi
Listing office
Coldwell Banker Realty - Beverly
MLS PIN #
72866422