Overview Property Details Payment Calculator Walkability

Closed

16 Lemon St, Salem MA 01970

$568,500

Estimated $1,347.90/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $284,250

Total Rent: 0/year

Estimated CAP Rate: -0.90%

4 Bedrooms

2 Full Baths

1,744 SqFt

Total Parking: 3 (1 Garage)

5,201 SqFt

Great opportunity to own this 2 family home situated on a level 5,000 + square foot lot with one car garage conveniently located only 0.2 miles to Salem Common, 0.3 miles to the Commuter Rail, and under 1.5 miles to Salem Harbor! This home features updated vinyl siding, up...

This home has been viewed 28 times

Last Checked: May 7th, 2024 at 3:26am (Source: MLS PIN #73078595)

Gross Income: $0

Gross Expenses: $5,113

Net Income Calc: $5,113

CAP Rate: -0.90%

Beach Front

Annual Expenses for 16 Lemon St, Salem MA 01970

Total Gross Expenses (Calculated)$5,113/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,113

Annual Income & Unit Breakdown for 16 Lemon St, Salem MA 01970

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 16 Lemon St, Salem MA 01970

Listing ID73078595

Property TypeMulti Family

Price$568,500 ($325.97/SqFt)

StyleMulti Family

CitySalem

CountyEssex

MLS AreaSalem Neck

Neighborhood(s)Ipswich

Approximate Living Area Total1,744 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking3 (1 Garage)

Garage Parking1 / Detached

Year Built1870

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone,Granite

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesHarbor, Beach Front, Beach Ownership(public), 1 To 2 Mile To Beach

Energy Features

Terms

Disclosures for 16 Lemon St, Salem MA 01970

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureEach unit has a 3 season porch that is currently n

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceNot Available

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

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 16 Lemon St, Salem MA 01970

Real Estate Taxes$5,113

Tax Year2023

Assessed Value$408,700

Financial Data SourceNot Available

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)-0.90%

Location Information for 16 Lemon St, Salem MA 01970

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS AreaSalem Neck

Area AmenitiesWalk/jog Trails, House Of Worship, Public School, Shopping, Park, Medical Facility, Bike Path, Public Transportation, Marina, Private School, University

Contact Information for 16 Lemon St, Salem MA 01970

Agent

Name: Team Cotraro - Mike & Mary

MLS ID: TEAM0016

Office ID: AN8387

City: Beverly

State: MA

Zip: 01915

Office

Name: Lux Realty North Shore

MLS Office ID: AN1532

Phone: 978-922-1000

Team Members

Name: Michael Cotraro

MLS ID: C0002003

Office ID: AN2953

National Association ID: 454003532

Phone: 978-337-6355

City: Beverly

State: MA

Payment Calculator

$3,929.00 per month

30 Years Fixed, 6.75% Interest

Property Taxes $426.08

Principal & Interest $3,502.92

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lux Realty North Shore

Team Cotraro - Mike & Mary

Agent Phone

Office Phone

(978) 922-1000

Text Agent Call Agent Call Office

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[id] => 334659
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[timber_acres] => None
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        )

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[year_built] => 1870
    [year_built_details] => Approximate
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    [zoning] => R2
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                )

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                )

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)

EXIT