Start 2023 off right with a new investment property! This property consists of four large 3 bedroom units with potential to convert to 4 bedrooms. Tenants pay their own utilities. Two driveways on either side of the building each fit 3 cars for a total of 6 off street parkin...
This home has been viewed 21 times
Last Checked: May 7th, 2024 at 3:06am (Source: MLS PIN #73066564)
Gross Income: $90,900
Gross Expenses: $24,764
Net Income Calc: $66,136
CAP Rate: 6.10%
Annual Expenses for 3 Harrison Ave, Salem MA 01970
Total Gross Expenses (Calculated)$24,764/year
APOD AvailableNo
Heating
Electricity$780
Water$8,400
Gas$8,400
Insurance$4,800
Sewer$8,400
Trash Removal$960
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$9,824
Annual Income & Unit Breakdown for 3 Harrison Ave, Salem MA 01970
Total Gross Income (Calculated)$90,900
Unit 1
Rental Income$1,800
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 2
Rental Income$1,800
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent Includes
Unit 3
Rental Income$1,800
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 4
Rental Income$2,175
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent Includes
General Information for 3 Harrison Ave, Salem MA 01970
Listing ID73066564
Property TypeMulti Family / 4 Family
Price$1,085,000 ($212.25/SqFt)
Style4 Family
CitySalem
CountyEssex
MLS Area
Neighborhood(s)Ipswich
Approximate Living Area Total5,112 SqFt
Approximate Lot Size (Acres)0.13 acres
Total Parking6
Garage Parking
Year Built1915
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesOther
Foundation Area
Foundation DescriptionGranite
Accessible Features
Outdoor Space
ZoningR3
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 3 Harrison Ave, Salem MA 01970
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceOwner
Total Gross Expenses By Broker$24,764
Total Gross Income By Broker$90,900
Total Net Income By Broker$66,136
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2
Facilitator Compensation2
Sub-Agent Compensation
Compensation Based OnGross/full Sale Price
Financial Information for 3 Harrison Ave, Salem MA 01970
Real Estate Taxes$9,824
Tax Year2022
Assessed Value$741,400
Financial Data SourceOwner
Total Gross Expenses By Broker$24,764
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$90,900
BostonRealEstate.com Gross Income
Total Net Income By Broker$66,136
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)6.10%
Location Information for 3 Harrison Ave, Salem MA 01970
Elementary School
Middle School
High School
Neighborhood(s)Ipswich
MLS Area
Area AmenitiesPublic Transportation
Contact Information for 3 Harrison Ave, Salem MA 01970