Sold
42 Park St Unit 0, Salem, MA
Salem · MA 01970
- $1,440,000
- Price
- 22
- Beds
- 9
- Baths
- 9012
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1913
Units:
9 Units
Lot size:
6,098 Sq.Ft Lot
Price per square foot:
$165 / Sq.Ft
Parking:
8 Garage Spaces · 6 Off Street Spaces
About this home
Rare investment opportunity near downtown Salem. The subject property is a nine (9) unit brick apartment building with 5 to 6 off street parking spaces and eight (8) bay garages. The opportunity consists of two (2) one bedroom apartments, four (4) two-bedroom apartments, and three (3) four-bedroom apartments. Each unit has lead certificates and the tenants have for their own metered utilities. 42 Park Street is ideally located just off Lafayette Street and is 1-mile from the Salem Depot Commuter Rail Station. The current owner has owned the property for a number of years, therefore the rents in place are all under market, with minimal capital improvements, you can bring income up to market making this an ideal value add opportunity.
Neighborhood & Transit
42 Park 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:
- 2596 days
- Listing Price:
- $1,485,000
- Price per Sq.Ft:
- $165
- Tax Assessment:
- $780,000 in 2019
- Taxes:
- $982 / Monthly
Home Facts
Interior Features
- Bedrooms
- 22
- Full Bathrooms
- 9
- Half Bathrooms
- 0
- Living Area
- 9,012 Sq.Ft
- Broker Disclosure about Living Area
- 0
- 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
- Unknown
Exterior Features
- Lot Size
- 6,098 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 8 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
- Dan Pouladian
- Listing office
- The Mega Group
- MLS PIN #
- 72509015