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57 Buffum St, Salem MA 01970

$700,000

Estimated $1,786/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $233,333.33

Total Rent: 0/year

Estimated CAP Rate:

6 Bedrooms

Baths

2643

Total Parking: 9

4,901 (0.11)

Incredibly rare opportunity to rehab a sprawling, legal 3 family building, on a 4,728SF lot, in the coveted Mack Park area of Salem!!! The building is currently down to the studs, only suitable for contractors or developers. Stamped architectural plans in place, permit for construction has been pulled, all that is needed is for someone to finish the job. The site can easily fit 9 parking spaces, something completely unheard of for the area. Both housing and parking are in dire need in Salem, so come capitalize on the opportunity! Location can’t be beat, quiet, well-maintained street, full of historic Salem properties, walking distance to downtown Salem, parks, the commuter rail, public transit and quick access to 95, 114 and 107!!

This home has been viewed 60 times

Last Checked: May 6th, 2024 at 11:55pm (Source: MLS PIN #73067668)

Gross Income: $0

Gross Expenses: $7,807

Net Income Calc: $7,807

Annual Expenses for 57 Buffum St, Salem MA 01970

Total Gross Expenses (Calculated)$7,807/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7807

Annual Income & Unit Breakdown for 57 Buffum St, Salem MA 01970

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 57 Buffum St, Salem MA 01970

Listing ID73067668

Property TypeMulti Family / 3 Family

Price700000 ($264.85/SqFt)

Style3 Family

CitySalem

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total2643

Approximate Lot Size (Acres)0.11

Total Parking9

Garage Parking0

Year Built1870

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningR2

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 57 Buffum St, Salem MA 01970

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Personal Property.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

For Sale By OwnerEntry Only

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation2.0

Compensation Based OnNet Sale Price

Financial Information for 57 Buffum St, Salem MA 01970

Real Estate Taxes7807

Tax Year2022

Assessed Value$589,200

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 57 Buffum St, Salem MA 01970

Neighborhood(s)Ipswich

Area Amenities

Contact Information for 57 Buffum St, Salem MA 01970

Agent

Name: Kevin Baker

Office

Name: Impact Realty, LLC

Phone: 508-466-5685

Payment Calculator

, Interest

Property Taxes 650.58

Principal & Interest 4313.18

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Impact Realty, LLC

Kevin Baker

Agent Phone

Office Phone

(508) 466-5685

Text Agent Call Agent Call Office

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    [unparsed] => 57 Buffum St, Salem MA 01970
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EXIT

Closed

57 Buffum St, Salem MA 01970

$700,000

Annual Expenses for 57 Buffum St, Salem MA 01970

Annual Income & Unit Breakdown for 57 Buffum St, Salem MA 01970

General Information for 57 Buffum St, Salem MA 01970

Disclosures for 57 Buffum St, Salem MA 01970

Financial Information for 57 Buffum St, Salem MA 01970

Location Information for 57 Buffum St, Salem MA 01970

Contact Information for 57 Buffum St, Salem MA 01970

Agent

Office

Payment Calculator

Exclusive Listing Agent

Impact Realty, LLC

Kevin Baker