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255 Jefferson Ave

Salem, MA 01970
  • $1,300,000
  • STATUS: Contingent
  • MLS #: 73160178
Under Contract
UPDATED: 43 min ago
$1,300,000
  • 7
    BEDS
  • 0.15
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,521
    SQFT
  • $369
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1890
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing courtesy of Dan Bernal of J. Barrett & Company.

Description

A true cash cow next to Salem State University, 1 mile to downtown Salem & Commuter Rail, 1/2 mile to Salem High School & HMLS elementary and local amenities. Seller has done over $150k in recent renovation. All units have in-unit laundry and share generous 8 car parking. Three 2 bedroom units and a townhouse style 1 bedroom unit. Two of the 2 bedroom units are fully renovated (2023), one was updated (2019). This is entirely turn-key, each 2 bedroom currently at $2400, the 1 bedroom at $2150. Unit 2 will be delivered vacant.

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The property listing data and information 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 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 its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2023-10-01T12:05:04.053.
www.longrealtyinc.com/homes/143466190
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255 Jefferson Ave Salem, MA 01970

  • Price: $1,300,000
  • Status: Contingent
  • On Site: Days
  • Updated: 43 min ago
  • MLS #: 73160178
7
Beds
4
Baths
0
½ Baths
0.15
Acres
3,521
SQFT
$369
$/SQFT
1890
Built
Neighborhood:
South Salem
County:
Essex
Area:
South Salem
Elementary School:
Horace Mann
Middle School:
Collins
High School:
Salem
Property Description
A true cash cow next to Salem State University, 1 mile to downtown Salem & Commuter Rail, 1/2 mile to Salem High School & HMLS elementary and local amenities. Seller has done over $150k in recent renovation. All units have in-unit laundry and share generous 8 car parking. Three 2 bedroom units and a townhouse style 1 bedroom unit. Two of the 2 bedroom units are fully renovated (2023), one was updated (2019). This is entirely turn-key, each 2 bedroom currently at $2400, the 1 bedroom at $2150. Unit 2 will be delivered vacant.
Exterior Features

Color Cream Construction Materials Frame Covered Spaces 0 Exterior Features Porch Garage YN No Lot Features Level Open Parking YN Yes Parking Features Paved DriveOff StreetAssigned Parking Total 8 Patio And Porch Features Porch Road Frontage Type Public Roof Shingle Spa YN No Waterfront Features Beach FrontHarbor1 To 2 Mile To BeachBeach Ownership(Public) Waterfront YN No

Interior Features

Appliances Utility Connections For Gas RangeUtility Connections For Electric Dryer Basement FullUnfinished Building Area Total 3521 Cooling Units 0 Fireplace YN No Fireplaces Total 0 Flooring TileHardwood Foundation Details Stone Heat Units 4 Laundry Features Washer Hookup Lead Paint Unknown Rooms Total 14 Window Features Insulated Windows

Property Features

Buyer Agency Compensation 2.5 Community Features Public TransportationShoppingPoolParkWalk/Jog TrailsGolfMedical FacilityBike PathConservation AreaHighway AccessHouse Of WorshipMarinaPrivate SchoolPublic SchoolT-StationUniversity Contingency Pending P&S Disclosures Four Units3 Are 2 Bed 1 Bath And One is A Townhouse Style 1 Bed 1 Bath. Units #2 & 3 (Both 2 Bed 1 Bath) Are Newly Renovated. Gross Income 112200 Gross Scheduled Income 0 Home Warranty YN No Insurance Expense 4500 Listing Terms Contract Net Operating Income 112200 Operating Expense 8320 Property Sub Type 4 Family Senior Community YN No Sewer Public Sewer Tax Annual Amount 10372 Tax Year 2023 Total Actual Rent 9350 Transaction Broker Compensation 1 Utilities For Gas RangeFor Electric DryerWasher Hookup Water Sewer Expense 2400 Water Source Public Year Built Details Renovated Since Year Round Yes Zoning B1

Listing information © 2023 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Dan Bernal of J. Barrett & Company: 978-922-3683.


The property listing data and information 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 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 its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2023-10-01T12:05:04.053.
 
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Listing courtesy of Dan Bernal of J. Barrett & Company.