Address
255 Jefferson Ave, Salem, MA
Price
$ 1,250,000
Property Attributes
- MLS#73160178
- TypeMulti-Family
- CountyESSEX
- CitySalem
- AreaSouth Salem
- Zip01970
- Style4 Family
- Year Built1890
- Taxes$ 10372
- Price$ 1,250,000
- Bedrooms7
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3521
- Lot Size6,534 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
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 renovated (2023), one was updated (2019). This is entirely turn-key. Unit 1 rented at $2400, unit 2 at $2600, unit 3 at 2600 and the 1 bedroom rented at $2150. 117k gross annual income
| Elementary School | Middle School | High School |
|---|---|---|
| Horace Mann Elementary School | Collins Middle School | Salem High School |
| Price History | |
|---|---|
| 9/16/2023 | Listed $1,300,000 |
| 10/24/2023 | 2% - $1,275,000 |
| 11/27/2023 | 2% - $1,250,000 |
General Features
| Appliances | Utility Connections for Gas Range, Utility Connections for Electric Dryer |
|---|---|
| Building Area Units | Square Feet |
| City | Salem |
| Community Features | Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University |
| Compensation Based On | Net Sale Price |
| Construction Materials | Frame |
| County | Essex |
| Directions | GPS |
| Disclosures | Four units, 3 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. |
| Elementary School | Horace Mann |
| Exterior Features | Porch |
| Garage Y/N | No |
| Gross Income | 117000 |
| High School | Salem |
| Home Warranty Y/N | No |
| Insurance Expense | 4500 |
| Lot Size Square Feet | 6525 |
| MLS Area | South Salem |
| Middle/Junior High School | Collins |
| Net Operating Income | 117000 |
| Operating Expense | 8320 |
| Patio/Porch Features | Porch |
| Property SubType | 4 Family |
| Property Type | Residential Income |
| Roof | Shingle |
| Senior Community Y/N | No |
| Sewer | Public Sewer |
| Standard Status | Active |
| Status | Active |
| Street Name | Jefferson Ave |
| Sub-Agency Relationship Offered | No |
| Tax Annual Amount | 10372 |
| Tax Assessed Value | 829100 |
| Tax Lot | 0091 |
| Tax Year | 2023 |
| Total Actual Rent | 9750 |
| Total Rooms | 14 |
| Total Units | 4 |
| Utilities | for Gas Range, for Electric Dryer, Washer Hookup |
| Water Sewer Expense | 2400 |
| Waterfront Features | Beach Front, Harbor, 1 to 2 Mile To Beach, Beach Ownership(Public) |
| Waterfront Y/N | No |
| Year Built | 1890 |
| Year Built Details | Renovated Since |
| Year Built Source | Public Records |
| Zoning | B1 |
Interior Features
| Basement | Full, Unfinished |
|---|---|
| Fireplace Y/N | No |
| Flooring | Tile, Hardwood |
| Full Baths | 4 |
| Laundry Features | Washer Hookup |
| Total Baths | 4 |
| Total Bedrooms | 7 |
| Total Stories | 7 |
| Window Features | Insulated Windows |
Exterior Features
| Facilitator Compensation | 1 |
|---|---|
| Living Area | 3521 |
| Building Area Total | 3521 |
| Foundation Details | Stone |
| Lot Features | Level |
| Lot Size Acres | 0.15 |
| Lot Size Area | 0.15 |
| Lot Size Units | Acres |
| Open Parking Y/N | Yes |
| Parking Features | Paved Drive, Off Street, Assigned |
| Road Frontage Type | Public |
| Spa | No |
| Total Parking | 8 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 01970
Price
Taxes
Visits
Year Built
Walkscore
Massachusetts MLS Property Info Network (MLSPIN) - 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
