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6 Residential Units plus Restaurant
Building in Great Condition with Excellent Income!
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Property Details |
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Type of Property |
Mixed
Use - Res/Com |
Roof |
Asphalt |
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Total # of Units |
7 |
Siding |
Brick |
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# Residential Units/Sq Ft |
6 / 5879
Sq Ft +/- |
Foundation |
Concrete |
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# Commercial Units/Sq Ft |
1 / 1100
Sq Ft +/- |
Insulation |
Unknown |
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Total Square Feet |
6979 Sq
Ft +/- |
Water |
City |
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# Buildings |
1 |
Sewer |
City |
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# Stories |
3 |
Heat - Type/Fuel |
FHW Oil |
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Lot Size |
9,583 Sq
Ft |
Electric |
Circuit
Breakers |
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Garage Spaces |
9 |
Hot
Water |
Tankless
- Oil |
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Parking Spaces |
5+ |
Basement |
Full |
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Year Built |
1920 |
Gross Annual Income |
$82,500* |
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Assessment - Bldg/Land |
$360,700
/ $157,700 |
Gross Annual Expenses |
$22,485* |
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Total Assessment |
$542,000 |
Taxes 2007 |
$6845 |
| Zoning |
B1 |
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| Disclosures |
*Income and expenses are from the seller and
are not guaranteed. Commercial unit rent ($1500/month) based on
previous lease agreement. |
| Exclusions |
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Comments: 7 Unit brick building in good condition location 1/4
mile from the waterfront and Pickering Wharf. Consisting of 4 two
bedroom and 2 one bedroom units and 1 commercial unit that is currently
vacant but is set up for a bar & restaurant. Plenty of parking including
9 garage spaces that are rented. All residential unit are tenant-at-will and are in
good
condition. Replacement windows & boiler. Excellent
potential to increase revenue. Walking distance to downtown Salem,
commuter train and boat. There was a plumbing leak in the restaurant
that caused moderate damage to the floor. Being sold as is.
CLICK HERE for a Virtual Tour of this listing. |
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The information in this
listing was gathered from third party sources
including the seller and public records. Armstrong Field, Inc., and its
agents disclaim any and all representations or warranties
as to the accuracy of this information. All buyers should verify any and all
information.
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