Turnkey de-leaded investment property with strong rental income and quality long-term TAW tenants. Spacious Victorian era 3-Family located in convenient North Salem, less than a mile from the Salem MBTA Station and Downtown, and just 2 miles from Rt. 128. Ideal unit mix with two large 5 room / 3 bdrm / 1 bath units and one 4 room / 2 bdrm / 1 bath unit. Tenants pay electric and heat. 1st and 3rd floor units renovated 2019, plus new chimneys and brand new coin-op laundry in basement for extra income. New front roof in 2020, and added 3rd parking space and new hot water heater for unit 2 (paid by tenant). Exterior features low maintenance vinyl siding, replacement windows, a sweet little front porch and fenced-in back yard. Off-street parking for 3 cars.
Sale Statistics
Sale Overview
Original List Price:$950,000
Final Sale Price:$945,450
Difference:
$4,550 (-0.5%)
Performance Metrics
99.5%
List to Sale Ratio
Sold below asking price
27
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$282
Sale $/sq ft:$281
This property sold for $281 per square foot
Sale Summary
This property sold for 0.5% below the original asking price.
With only 27 days on market, this was a quick sale compared to typical market conditions.
Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, House of Worship, Private School, Public School, T-Station, University, Sidewalks
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$8,250
Tax Year
2024
Tax Assessed Value
$710,000
Parcel Number
M:17 L:0311,2129724
Zoning
R2
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
21 Symonds is a 3-family, NOT a 4-family. De-leaded with Letters of Compliance for all 3 units. Washing machine & dryer income of $1450 included in Gross Income.
