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48 Endicott St

Salem, MA 01970
  • $1,400,000
  • STATUS: Under Agreement
  • MLS #: 72970727
Pending
UPDATED: 89 min ago
$1,400,000
  • 12
    BEDS
  • 0.1
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 6,309
    SQFT
  • $222
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1915
County:
Area:

School Ratings & Info

Listing courtesy of Judith Zissulis of Keller Williams Realty Evolution.

Description

Excellent Investment Opportunity--This huge, stately-looking, six-unit building located on the fringe of the McIntire District offers many options to an investor looking to build equity in a property close to Salem's vibrant downtown. Whether one prefers to hold the property and collect rents or consider the potential for future condominium conversion, the opportunities are limitless. These are 2 adjoined buildings with separate entrances and basements, spacious units and separate systems. Property is in need of substantial renovation. Limited information available as this is part of an estate, therefore, some details are approximate. Fully tenanted building with below market rents.Property being sold in "as is" condition with tenants to remain with sale. Buyer to perform own due diligence. First showing will include access to one-unit and basement only. Proof of funds/pre-approval required prior to showing. Offers due Friday, April 29, 5:00 p.m. Please allow 3 days response time.

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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 may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-05-19T23:10:31.227.
www.bristolcountyhomesforsale.com/homes/128001072
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48 Endicott St Salem, MA 01970

  • Price: $1,400,000
  • Status: Under Agreement
  • On Site: Days
  • Updated: 89 min ago
  • MLS #: 72970727
12
Beds
6
Baths
0
½ Baths
0.1
Acres
6,309
SQFT
$222
$/SQFT
1915
Built
Neighborhood:
Other
County:
Essex
Area:
Other
Property Description
Excellent Investment Opportunity--This huge, stately-looking, six-unit building located on the fringe of the McIntire District offers many options to an investor looking to build equity in a property close to Salem's vibrant downtown. Whether one prefers to hold the property and collect rents or consider the potential for future condominium conversion, the opportunities are limitless. These are 2 adjoined buildings with separate entrances and basements, spacious units and separate systems. Property is in need of substantial renovation. Limited information available as this is part of an estate, therefore, some details are approximate. Fully tenanted building with below market rents.Property being sold in "as is" condition with tenants to remain with sale. Buyer to perform own due diligence. First showing will include access to one-unit and basement only. Proof of funds/pre-approval required prior to showing. Offers due Friday, April 29, 5:00 p.m. Please allow 3 days response time.
Exterior Features

Beach Description HarborOcean Beach Miles To 1/2 To 1 Mile Beach Ownership Public Beachfront Yes Color Brick Construction BrickStone/Concrete Exterior Brick Exterior Features PorchGarden Area Foundation Poured Concrete Lot Description Level Parking Features On Street Without Permit Parking Spaces 0 Road Type Private Roof Material Rubber Waterfront Flag No Waterview Flag No

Interior Features

Basement Yes Basement Features FullConcrete Floor Bedrooms Unit1 2 Bedrooms Unit2 2 Bedrooms Unit3 2 Bedrooms Unit4 2 Cooling Units 0 Cooling Zones 0 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Fireplaces Unit4 0 Flooring WoodTileVinylVaries Per Unit Floors Unit1 1 Floors Unit2 1 Floors Unit3 2 Floors Unit4 2 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Units 6 Heat Zones 6 Hot Water Natural Gas Levels 3 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Levels Unit4 1 Rooms 20 Rooms Unit1 4 Rooms Unit2 4 Rooms Unit3 4 Rooms Unit4 4

Property Features

Adult Community No Amenities Public TransportationShoppingParkMedical FacilityLaundromatBike PathHouse Of WorshipMarinaPublic SchoolT-StationUniversity Apod Available No Assessments 987000.00 Contingency Type Pending P&S Disclosure No Disclosures All information is Approximate. Buyer To Perform Own Due Diligence. Expenses Year End 12/21 Gross Operating Income 0 Lead Paint Unknown Lease Unit1 Y Lease Unit2 Y Lender Owned No Multifamily Type 5+ Family - 5+ Units Side By Side Net Operating Income 0 Rent Unit1 1370 Rent Unit2 1475 Rent Unit3 1445 Rent Unit4 1350 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Disclosures Descriptions Approximate; Unit #6 (3L) Rent is $1549 Sq Ft Includes Basement No Sq Ft Source Public Record Tax Year 2022 Taxes 13078.00 Terms Contract For Deed Utility Connections Varies Per Unit Water City/Town Water Year Built Description Approximate Year Built Source Public Record Zoning R2

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Judith Zissulis of Keller Williams Realty Evolution.


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 may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-05-19T23:10:31.227.
 
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38 Bethel Street
New Bedford MA, 02740
Listing courtesy of Judith Zissulis of Keller Williams Realty Evolution.