Off Market
3 S Shore Rd, Salem, MA
Salem · MA 03079
- $2,380,000
- Price
- 14
- Beds
- 9
- Baths
- 7674
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1880
Units:
9 Units
Lot size:
1.8 Acres Lot
Price per square foot:
$310 / Sq.Ft
Parking:
20 Off Street Spaces
About this home
An exciting investment opportunity with you. Located just minutes from I-93 Exit 2 in a low-density single-family neighborhood, this well-maintained 9-unit apartment building sits on a spacious 1.8-acre lot and is connected to city sewer. The property boasts a large and inviting backyard, ample paved parking, and extraland, all within a short walk of Canobie Lake, which offers seasonal views from the third floor. The building is currently occupied and stabilized, presenting an immediateincome stream. Six of the apartments have been recently and completely renovated, featuring modern kitchens with granite countertops and stainless steel appliances,updated bathrooms, refinished or new hardwood flooring, energy-efficient LED lighting, and new decks, sliding doors, and windows. Each unit is separately metered forheat and electricity and the property currently yields a strong 8% capitalization rate. The property also features a large U-shaped driveway providing ease of access.
Neighborhood & Transit
3 S Shore Rd, Salem · MA 03079
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:
- 509 days
- Listing Price:
- $2,380,000
- Price per Sq.Ft:
- $310
- Tax Assessment:
- $785,400 in 2024
- Taxes:
- $1,102 / Monthly
Home Facts
Interior Features
- Bedrooms
- 14
- Full Bathrooms
- 9
- Half Bathrooms
- 0
- Living Area
- 7,674 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 7674
- 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
Exterior Features
- Lot Size
- 78,408 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 20 Parking Spaces
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
- Steven Cotran
- Listing office
- RE/MAX Area Real Estate Network
- MLS PIN #
- 73389898