Sold
2 Essex St, Salem, MA
Salem · MA 01970
- $1,050,000
- Price
- 5
- Beds
- 5.5
- Baths
- 5608
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1860
Units:
6 Units
Lot size:
2,692 Sq.Ft Lot
Price per square foot:
$214 / Sq.Ft
Parking:
No Parking
About this home
Exceptional investment opportunity. 6 unit multi family building in the heart of Salem. The iconic home to Ziggy's Donuts, offered for the first time in 57 years, is available for investors, developers and individuals seeking the advantages of fixed income properties. Own within walking distance of Salem Willows, Salem Harbor, Historic Downtown, Winter Island, shops, beaches, trains, restaurants and parks. The building features replacement windows, vinyl siding and newer gas water heaters. Comprised of 5 one bedroom, one bathroom units and one commercial unit, walk up attic and full basement. All units have individual utility meters. Rents are well below market value due to long term tenants. The attic is an oversized, dormered room with water views and opportunities for expansion. Interior photos are of unit 1 which is currently vacant. All units are similar in size and layout with slight variation. Ziggy's Donuts operates out of grandfathered commercial space on 1st floor.
Neighborhood & Transit
2 Essex St, 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:
- 1468 days
- Listing Price:
- $1,199,999
- Price per Sq.Ft:
- $214
- Tax Assessment:
- $801,200 in 2022
- Taxes:
- $885 / Monthly
Home Facts
Interior Features
- Bedrooms
- 5
- Full Bathrooms
- 5
- Half Bathrooms
- 1
- Living Area
- 5,608 Sq.Ft
- Broker Disclosure about Living Area
- Includes 1 Commercial Unit on ground level
- 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
- Individually Metered
Exterior Features
- Lot Size
- 2,692 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Michael McNiff
- Listing office
- Coldwell Banker Realty - Beverly
- MLS PIN #
- 73003787
- Disclosure
- One, first floor unit being used as grandfathered commercial space. All appliances in residential units left as gifts, Ziggys appliances excluded. Property sold As Is. Flood insurance req'd.
- Disclosure
- Includes 1 Commercial Unit on ground level