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Expired

16,18,20R Franklin St, Salem MA 01970

$4,999,999

Estimated $16,441/month Calculator

Multi Family

Total Units:

Price Per Unit: $4,999,999

Total Rent: 0/year

Estimated CAP Rate:

0 Bedrooms

Baths

53200

Total Parking: 57

97,574 (2.24)

Spectacular multi unit development opportunity on the North River and across from Metro Salem train station. Water views from all units!! The Residences at 16, 18, 20R Franklin St offer a 37 Unit approved development on 2 plus acres minutes from downtown Salem. 33 Market rate condos and 4 low income restricted condos. Plans will reflect 4 buildings: Building A and B are comprised of 12 flats each units, Building C is comprised of 9 units and Building D is 4 townhouses. Plans included elevator, workout gym/fitness center and function room. Each unit will be provided a deeded garage parking spot and additional uncovered spots available within lot. Seller has applied for up to $2 million HDIP credit with 75% being conveyed to buyer.

This home has been viewed 67 times

Last Checked: May 7th, 2024 at 12:42am (Source: MLS PIN #73013021)

Gross Income: $0

Gross Expenses: $99,999

Net Income Calc: $99,999

Annual Expenses for 16,18,20R Franklin St, Salem MA 01970

Total Gross Expenses (Calculated)$99,999/year

APOD Available

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax99999

Annual Income & Unit Breakdown for 16,18,20R Franklin St, Salem MA 01970

Total Gross Income (Calculated)$0

General Information for 16,18,20R Franklin St, Salem MA 01970

Listing ID73013021

Property TypeMulti Family / 5+ Family

Price4999999

Style

CitySalem

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total53200

Approximate Lot Size (Acres)2.24

Total Parking57

Year Built2022

Water

Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningNRCC

Zoning DetailsLegal Non-Conforming

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 16,18,20R Franklin St, Salem MA 01970

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

ExclusionsPersonal Belongings

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1

Facilitator Compensation0

Compensation Based On

Financial Information for 16,18,20R Franklin St, Salem MA 01970

Real Estate Taxes99999

Tax Year9999

Assessed Value$0

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 16,18,20R Franklin St, Salem MA 01970

Neighborhood(s)Ipswich

Area Amenities

Contact Information for 16,18,20R Franklin St, Salem MA 01970

Agent

Name: Christopher Cowhig

Office

Name: Lokos Realty & Management

Phone: 781-608-3057

Payment Calculator

, Interest

Property Taxes 8333.25

Principal & Interest 30808.4

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lokos Realty & Management

Christopher Cowhig

Agent Phone

Office Phone

(781) 608-3057

Text Agent Call Agent Call Office

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    [unparsed] => 16,18,20R Franklin St, Salem MA 01970
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EXIT