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26 Phelps St, Salem MA 01970

$699,900

Estimated $1,648/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $349,950

Total Rent: 0/year

Estimated CAP Rate:

5 Bedrooms

Baths

2346

Total Parking: 6 (2 Garage)

10,254 (0.24)

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 46 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

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 Tax6159

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

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 26 Phelps St, Salem MA 01970

Listing ID73069483

Property TypeMulti Family / 2 Family

Price699900 ($298.34/SqFt)

Style2 Family - 2 Units Up/down

CitySalem

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total2346

Approximate Lot Size (Acres)0.24

Total Parking6 (2 Garage)

Garage Parking2

Year Built1938

Year Built SourcePublic Records

Year Built DetailsActual,Renovated Since

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof Material

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR2

Water Views

Water Views Features

Waterfront FeaturesRiver

Terms

Disclosures for 26 Phelps St, Salem MA 01970

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

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 Compensation2.0

Facilitator Compensation2.0

Compensation Based OnNet Sale Price

Financial Information for 26 Phelps St, Salem MA 01970

Real Estate Taxes6159

Tax Year2022

Assessed Value$464,800

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 26 Phelps St, Salem MA 01970

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

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

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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    [description] => 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.
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    [unparsed] => 26 Phelps St, Salem MA 01970
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EXIT

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