Explore an excellent investment opportunity in Salem's Pickering Wharf at 80 Wharf St Unit K-1. This charming 2-bedroom, 1-bathroom condo is ideally situated in the picturesque waterfront district. Both investors and owner-occupants will appreciate the turnkey nature of this property, currently tenanted with a reliable 17-year tenant paying market rent. Benefit from stable cash flow and the potential for property appreciation in Salem's thriving rental market if you so choose. With its blend of historic charm and modern amenities, this condo offers a rare chance to secure a hassle-free investment in one of Salem's most sought-after neighborhoods. Please note that interior photos are unavailable due to the tenant's privacy preferences. However, rest assured that the property is in good shape and meticulously maintained for your investment peace of mind. Enjoy occupying or investing in waterfront living in Salem's vibrant community.
Sale Statistics
Sale Overview
Original List Price:$400,000
Final Sale Price:$400,000
Difference:
+$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
21
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$364
Sale $/sq ft:$364
This property sold for $364 per square foot
Sale Summary
This property sold exactly at the asking price.
With only 21 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
Condominium
Property Category
Residential
Year Built
1980
Bedrooms
2
Full Bathrooms
1
Living Area
1,100 sq ft
Total Rooms
5
Stories
1
Entry Level
2
Interior Features
Flooring
Vinyl, Carpet, Laminate
Heating
Forced Air, Natural Gas
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Laundry Features
Second Floor, Washer Hookup
Basement Details
N
Exterior & Structure
Construction Materials
Frame, Brick
Roof
Shingle
Has Spa
No
Waterfront Features
Waterfront, Ocean, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Waterfront Property
Yes
Lot & Land
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Off Street, Assigned, Exclusive Parking
Utilities & Systems
Utilities Available
for Electric Range, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Community & HOA
Community Features
Public Transportation, Shopping, Park, Medical Facility, Bike Path, Conservation Area, Marina, Public School, University
HOA Fee
$294
HOA Fee Frequency
Monthly
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$4,932
Tax Year
2024
Tax Assessed Value
$424,400
Parcel Number
M:34 L:0408 S:829,2135933
Zoning
RES
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Building Name
Pickering Wharf
Common Walls
End Unit, 2+ Common Walls, Corner
Disclosures
17 year tenant paying $2, 550/month - lease with 30 day notice in place, earliest vacancy May 1st with end of March notice to tenant. Association has one investor owning over 50% so will not conform to conventional lending. Local lending needed. National Grand in Marblehead possible.
