52 CHESTNUT STREET
About This Property
The functional kitchen is complemented by a convenient half bath and a mud/laundry room that leads to the rear yard. Situated conveniently, the home backs up to the school, offering both accessibility and a peaceful setting.
Moving upstairs to the second floor, you'll find three nicely sized bedrooms and a full bath complete with an original cast iron tub, adding to the home's vintage appeal. The third floor boasts a finished attic bonus room, providing versatile space for various needs.
Additionally, the full unfinished basement offers ample storage space. Utilities include an above-ground oil tank in the basement, with public water and sewer services ensuring convenience.
Come out and tour this property.
(Note: 50 Chestnut is also available for sale under separate deed.)
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Jul 26, 2024 | In contract | - | |
| In contract | |||
| Jul 13, 2024 | Listed by Real of Pennsylvania | $145,000 | |
| Listed by Real of Pennsylvania | |||
| | |||
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Welcome to 52 Chestnut in historic Salem! This Twin home boasts excellent structural integrity and a well-designed floor plan. Step onto the oversized covered front porch and enter the Living Room, featuring original banisters and moldings that add character. The massive formal Dining Room is adorned with bay windows, creating a bright and inviting living space.
The functional kitchen is complemented by a convenient half bath and a mud/laundry room that leads to the rear yard. Situated conveniently, the home backs up to the school, offering both accessibility and a peaceful setting.
Moving upstairs to the second floor, you'll find three nicely sized bedrooms and a full bath complete with an original cast iron tub, adding to the home's vintage appeal. The third floor boasts a finished attic bonus room, providing versatile space for various needs.
Additionally, the full unfinished basement offers ample storage space. Utilities include an above-ground oil tank in the basement, with public water and sewer services ensuring convenience.
Come out and tour this property.
(Note: 50 Chestnut is also available for sale under separate deed.)
| |||
| Jun 18, 2024 | Sold | ||
| Sold | |||
| May 10, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017