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Closed

26 Phelps St, Salem MA 01970

$699,900

Estimated $1,648.13/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $349,950

Total Rent: 0/year

Estimated CAP Rate: -0.88%

5 Bedrooms

2 Full Baths

2,346 SqFt

Total Parking: 6 (2 Garage)

10,254 SqFt

This one might surprise you. At the end of Phelps St., on a large lot with a spacious fenced backyard and a large driveway for 4-car parking, you'll find this classic 2 family. With generous room sizes and high ceilings, the units feel very welcoming. Both units have eat-in kitchens with pantries, in-unit laundry areas, and sunrooms. Ample storage space in the basement with interior and exterior access. Roof & vinyl siding are approximately 10 years old. This is a superb opportunity for an owner occupant, as the layout and property feel like a home not an apartment. Investors will also enjoy the straightforward floor plans and potential for future condo conversion. Both units are currently vacant after being rented to family for many years. Desirable location off of Broad Street, that's minutes to Salem's favorite shops, stores & restaurants as well as Salem State University and Salem Hospital.

This home has been viewed 39 times

Last Checked: May 7th, 2024 at 1:46am (Source: MLS PIN #73069483)

Gross Income: $0

Gross Expenses: $6,159

Net Income Calc: $6,159

CAP Rate: -0.88%

Beach Front

Annual Expenses for 26 Phelps St, Salem MA 01970

Total Gross Expenses (Calculated)$6,159/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,159

Annual Income & Unit Breakdown for 26 Phelps St, Salem MA 01970

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

General Information for 26 Phelps St, Salem MA 01970

Listing ID73069483

Property TypeMulti Family / 2 Family

Price$699,900 ($298.34/SqFt)

Style2 Family - 2 Units Up/down

CitySalem

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total2,346 SqFt

Approximate Lot Size (Acres)0.24 acres

Total Parking6 (2 Garage)

Garage Parking2 / Detached

Year Built1938

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot, Cul-de-sac

Foundation Area

Foundation DescriptionBlock,Stone

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Beach Front, 1 To 2 Mile To Beach

Energy Features

Terms

Disclosures for 26 Phelps 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$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation2.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 26 Phelps St, Salem MA 01970

Real Estate Taxes$6,159

Tax Year2022

Assessed Value$464,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.88%

Location Information for 26 Phelps St, Salem MA 01970

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Park, Medical Facility, Public Transportation, T-station, Marina, Private School, University, Sidewalks

Contact Information for 26 Phelps St, Salem MA 01970

Agent

Name: Julie Costa

Office

Name: Keller Williams Realty Evolution

Phone: 978-927-8700

Payment Calculator

, Interest

Property Taxes 513.25

Principal & Interest 4312.56

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty Evolution

Julie Costa

Agent Phone

Office Phone

(978) 927-8700

Text Agent Call Agent Call Office

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                )

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                )

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                )

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                )

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                )

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                )

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                )

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                )

[31] => Array
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                )

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                )

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                )

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                )

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                )

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                    [modified] => 2024-05-07 01:46:12
                )

)

)

EXIT