Unique investment opportunity! This offering consists of three detached income producing structures situated on two separately assessed lots near the Salem/Lynn line. The first lot includes a triple-decker apartment building with 3 units and a freestanding operational pub. The second lot features a single family home with a large rear yard. The multi family has been modernized over time and could benefit from some cosmetic updates. The single family needs a full renovation and will not qualify for conventional financing. These properties could easily become serious income producers for the savvy investor. Sold as package only.
Sale Statistics
Sale Overview
Original List Price:$1,200,000
Final Sale Price:$1,176,000
Difference:
$24,000 (-2.0%)
Performance Metrics
98.0%
List to Sale Ratio
Sold below asking price
24
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$264
Sale $/sq ft:$259
This property sold for $259 per square foot
Sale Summary
This property sold for 2.0% below the original asking price.
With only 24 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
3 Family
Property Category
Residential Income
Year Built
1900
Bedrooms
9
Full Bathrooms
4
Half Bathrooms
2
Living Area
4,549 sq ft
Total Rooms
21
Stories
6
Levels
6
Interior Features
Flooring
Wood, Vinyl, Carpet, Varies
Heating
Forced Air, Natural Gas
Has Heating
Yes
Has Fireplace
No
Appliances
Range
Interior Features
Living Room, Dining Room, Kitchen
Basement Details
Full, Interior Entry
Exterior & Structure
Construction Materials
Frame
Roof
Shingle, Tar/Gravel
Foundation
Other
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.24 acres
Lot Size
10,640 sq ft
Lot Size Area
0.2400
Lot Features
Corner Lot
Frontage Length
110 ft
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
8
Parking Features
Shared Driveway, Off Street
Utilities & Systems
Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
100 Amp Service
Community & HOA
Community Features
Public Transportation, Shopping, Park
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$10,833
Tax Year
2024
Tax Assessed Value
$1,001,900
Tax Lot
4 & 5
Tax Block
442
Tax Map Number
98
Parcel Number
1997980
Zoning
R1
Financial Data Source
Not Available
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Buyer to investigate all three structures and is responsible to verify all data provided. The seller makes no representations. Sold as a package only. Single family address is 52 Western Ave.
