Overview Property Details Payment Calculator Walkability

Canceled

317 Lafayette St, Salem MA 01970

$1,400,000

Estimated $3,099.67/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $350,000

Total Rent: 77400/year

Estimated CAP Rate: 4.82%

7 Bedrooms

6 Full Baths

4,006 SqFt

Total Parking: 4

8,015 SqFt

Why pay rent when you can own this spectacular multi-unit in a pleasant Salem neighborhood? This charming property is ideal for you because it offers plenty of sun-drenched rooms. There are also plenty of storage spaces and hardwood floors throughout the well-kept units. The...

This home has been viewed 26 times

Last Checked: May 7th, 2024 at 12:01am (Source: MLS PIN #73062951)

Gross Income: $77,400

Gross Expenses: $9,955

Net Income Calc: $67,445

CAP Rate: 4.82%

Beach Front

Annual Expenses for 317 Lafayette St, Salem MA 01970

Total Gross Expenses (Calculated)$9,955/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$9,955

Annual Income & Unit Breakdown for 317 Lafayette St, Salem MA 01970

Total Gross Income (Calculated)$77,400

Unit 1

Rental Income$2,000

LeaseY

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesHot Water), Unit 1(water, Unit 2(water, Unit 3(water

Unit 2

Rental Income$1,350

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesHot Water), Unit 1(water, Unit 2(water, Unit 3(water

Unit 3

Rental Income$1,500

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesHot Water), Unit 1(water, Unit 2(water, Unit 3(water

Unit 4

Rental Income$1,600

LeaseY

Bedrooms2

Bathrooms2 Full

Floor

Levels in Unit

HeatingYes

Rent IncludesHot Water), Unit 1(water, Unit 2(water, Unit 3(water

General Information for 317 Lafayette St, Salem MA 01970

Listing ID73062951

Property TypeMulti Family / 4 Family

Price$1,400,000 ($349.48/SqFt)

Style4 Family

CitySalem

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total4,006 SqFt

Approximate Lot Size (Acres)0.18 acres

Total Parking4

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsUnknown/Mixed

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesBeach Front, 1/10 To 3/10 To Beach

Energy Features

Terms

Disclosures for 317 Lafayette St, Salem MA 01970

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$58,200

Total Net Income By Broker$58,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation1%%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 317 Lafayette St, Salem MA 01970

Real Estate Taxes$9,955

Tax Year2022

Assessed Value$751,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$58,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$58,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.82%

Location Information for 317 Lafayette St, Salem MA 01970

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area Amenities

Contact Information for 317 Lafayette St, Salem MA 01970

Agent

Name: Mikayla Corcoran

MLS ID: CN246355

Office ID: AN1202

National Association ID: 454008737

Address: 1311 Broughton Dr.

City: Beverly

State: MA

Zip: 01915

Office

Name: Keller Williams Realty Evolution

MLS Office ID: C95098

Phone: 978-927-8700

Team Members

Name: Ryan Guilmartin

MLS ID: CN201189

Office ID: C95279

National Association ID: 456013861

Phone: 978-712-9795

City: Salem

State: MA

Payment Calculator

$9,455.93 per month

30 Years Fixed, 6.75% Interest

Property Taxes $829.58

Principal & Interest $8,626.35

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty Evolution

Mikayla Corcoran

Agent Phone

Office Phone

(978) 927-8700

Text Agent Call Agent Call Office

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[perc_test_date] => Unknown
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)

EXIT

Canceled

317 Lafayette St, Salem MA 01970

$1,400,000

Annual Expenses for 317 Lafayette St, Salem MA 01970

Annual Income & Unit Breakdown for 317 Lafayette St, Salem MA 01970

General Information for 317 Lafayette St, Salem MA 01970

Disclosures for 317 Lafayette St, Salem MA 01970

Financial Information for 317 Lafayette St, Salem MA 01970

Location Information for 317 Lafayette St, Salem MA 01970

Contact Information for 317 Lafayette St, Salem MA 01970

Agent

Office

Team Members

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Exclusive Listing Agent

Keller Williams Realty Evolution

Mikayla Corcoran