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Closed

36 Endicott Street, Salem MA 01970

$1,495,000

Estimated $3,322.22/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $249,166.67

Total Rent: 75420/year

Estimated CAP Rate: 4.32%

6 Bedrooms

6 Full Baths

3,597 SqFt

Total Parking: 0

6,500 SqFt

GROUP SHOWING MONDAY 1/23/2023 FROM 12PM-3PM BY APPOINTMENT ONLY, CALL AGENT DIRECT. Solid 6 Unit Brick "INVESTMENT PROPERTY" located in downtown Salem. There are 6 1 bedroom apartments that all have separate utilities ( 2 year old boilers by gas & individual water tanks ) 6 Gas meters and 7 Electric meters ( all units have sub panels in-unit) The 2 top floor units have been completed renovated from top to bottom ( as shown in photos) There is coin operated laundry in the basement. If your looking for an easy building to run look no further.

This home has been viewed 32 times

Last Checked: May 7th, 2024 at 2:01am (Source: MLS PIN #73072118)

Gross Income: $75,420

Gross Expenses: $10,777

Net Income Calc: $64,643

CAP Rate: 4.32%

Beach Front

Annual Expenses for 36 Endicott Street, Salem MA 01970

Total Gross Expenses (Calculated)$10,777/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$10,777

Annual Income & Unit Breakdown for 36 Endicott Street, Salem MA 01970

Total Gross Income (Calculated)$75,420

Unit 1

Rental Income$1,595

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,595

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,500

LeaseY

Bedrooms1

Bathrooms1 Full

Floor0

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$1,595

LeaseY

Bedrooms1

Bathrooms

Floor

Levels in Unit1

HeatingNo

Rent Includes

General Information for 36 Endicott Street, Salem MA 01970

Listing ID73072118

Property TypeMulti Family / 5+ Family

Price$1,495,000 ($415.62/SqFt)

Style5-9 Family

CitySalem

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total3,597 SqFt

Approximate Lot Size (Acres)0.15 acres

Total Parking0

Garage Parking

Year Built1915

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesBeach Front

Energy Features

Terms

Disclosures for 36 Endicott Street, Salem MA 01970

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner, Projected

Total Gross Expenses By Broker$0

Total Gross Income By Broker$99,420

Total Net Income By Broker$99,420

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 36 Endicott Street, Salem MA 01970

Real Estate Taxes$10,777

Tax Year2023

Assessed Value$813,400

Financial Data SourceOwner, Projected

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$99,420

BostonRealEstate.com Gross Income

Total Net Income By Broker$99,420

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.32%

Location Information for 36 Endicott Street, Salem MA 01970

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesHouse Of Worship, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station, Marina, University

Contact Information for 36 Endicott Street, Salem MA 01970

Agent

Name: Christopher Blasczak

Office

Name: Liberty Residential Realty, LLC

Phone: 978-434-0074

Team Members

Payment Calculator

, Interest

Property Taxes 898.08

Principal & Interest 9211.71

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Liberty Residential Realty, LLC

Christopher Blasczak

Agent Phone

Office Phone

(978) 434-0074

Text Agent Call Agent Call Office

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EXIT

Closed

36 Endicott Street, Salem MA 01970

$1,495,000

Annual Expenses for 36 Endicott Street, Salem MA 01970

Annual Income & Unit Breakdown for 36 Endicott Street, Salem MA 01970

General Information for 36 Endicott Street, Salem MA 01970

Disclosures for 36 Endicott Street, Salem MA 01970

Financial Information for 36 Endicott Street, Salem MA 01970

Location Information for 36 Endicott Street, Salem MA 01970

Contact Information for 36 Endicott Street, Salem MA 01970

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Exclusive Listing Agent

Liberty Residential Realty, LLC

Christopher Blasczak