$540,000

● Multifamily - Off Market

106 Margin

Salem, MA

4 Beds

2 Baths

2,660 Ft²

$714,084

RealtyHop Estimate

29.86%

Since Feb 1, 2021

National-US

Primary Model

About This Property

BACK ON THE MARKET *** Investors take notice *** PREMIUM LOCATION 2-unit property - Possible Condo Conversion. Potential expansion into unfinished attic. This property is centrally located to all the "Witch City" has to offer. Close proximity to schools, hospital, restaurants, shopping, museums, downtown Salem and the commuter rail to Boston. Minutes from the Kernwood Country Club and the Olde Salem Greens Golf Course. Rents are currently below market rates. Current tenants are TAW. Third floor attic provides enormous unfinished open space. A large unfinished basement is home to washers/dryers and other utilities for each unit. 10 yrs young roof, gas hot water heaters 1st flr - 5yrs & 2nd flr 2 yrs. Property sold "as is". Seller/seller agent makes no warranties or representations. Buyer/buyer agents must perform own due diligence. GROUP TOUR: Saturday - December 5th 12:00pm - 1:00 pm!

Unit Size

2,660 Ft²

Days on Market

Land Size

0.08 acres

Price per sqft

$207

Property Type

Multifamily

Property Taxes

$494

HOA Dues

Year Built

Payment Calculator

Cap Rate Calculator

Last updated: 5 years ago (MLSPIN #72731825)

Price History

Date / Event	Date	Event
Jan 14, 2021	Sold	Premium
Sold
Sep 24, 2020	Listed by Coldwell Banker Realty - Manchester	$549,900
Listed by Coldwell Banker Realty - Manchester

Property Highlights

Parking Details

Parking Features: Paved Drive

Interior Details

Full Bathrooms: 2

Interior Features: Storage, Unit 1(Ceiling Fans, Storage, Bathroom With Tub & Shower, Internet Available - Broadband), Unit 2(Ceiling Fans, Storage, Bathroom With Tub & Shower, Internet Available - Broadband), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen)

Appliances: Unit 1(Range, Refrigerator, Washer, Dryer), Unit 2(Range, Refrigerator, Washer, Dryer), Gas Water Heater, Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer

Flooring Type: Tile, Vinyl, Carpet, Unit 1(undefined), Unit 2(Wall to Wall Carpet)

Laundry Features: Washer Hookup

Rooms: 10

Basement: Full, Interior Entry, Concrete, Unfinished

Exterior Details

Road Responsibility: Public Maintained Road

Year Built Source: Public Records

Year Built Details: Actual

PropertySubType: 2 Family - 2 Units Up/Down

Stories (Total): 3

Building Area Units: Square Feet

Window Features: Screens

Construction Materials: Frame

Lead Paint: Yes, Certified Treated

Lot Features: Level

Lot Size Area: 0.08

Lot Size Units: Acres

Lot Size Acres: 0.08

Zoning: R2

Parcel Number: 2132071

Water Source: Public

Financial Details

Tax Assessed Value: $410,600

Tax Annual Amount: $5,933

Utilities Details

Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup

Cooling Type: Unit 1(Window AC), Unit 2(Window AC)

Heating Type: Unit 1(Hot Water Baseboard, Gas, Individual, Unit Control), Unit 2(Hot Water Baseboard, Gas, Individual, Unit Control)

Sewer : Public Sewer

Location Details

Community Features: Public Transportation, Shopping, Park, Golf, Medical Facility, Laundromat, House of Worship, Marina, Public School, T-Station, University, Sidewalks

Comparables

Past Sales

Date	Unit	Beds	Baths	Sqft	Price	Closed	Listed By

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72731825