Historic Salem Meets Urban Chic! Your new home awaits in one of
Salem's architectural gems! Located in the sought after McIntire
District, this brick Italian Revival exudes character. Tucked
comfortably under a slate mansard roof, your 2 bedroom, 1.5 bath
condo is uniquely private, yet located near the heart of downtown.
Completely renovated in 2014, this is a true beauty. Custom kitchen
cabinets, quartz countertops, radiant heat bathroom floor, and new
maple hardwoods throughout are just a few of the many upgrades you
will love. Afternoon sun streams through the 6 foot windows and
bathes the tall ceilings with natural light. Central air, in-unit
laundry, elevator, extra storage space, and deeded parking complete
your wish list. Enjoy afternoons along the waterfront and Salem
Common, linger over collections at the Peabody Essex Museum, or
indulge in the many options for shopping, food, and drink. Easy
access to Boston via ferry or train. Call today to schedule private
showing.
Unit Size
1,259 Ft²
Days on Market
-
Land Size
-
Price per sqft
$298
Property Type
Condo
Property Taxes
$393
HOA Dues
$319
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Golf, Medical Facility, House of Worship, Marina, T-Station, University
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - Off Site
1 Broad
#10,
Salem, MA,
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