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16 Lemon St, Salem MA 01970

$568,500

Estimated $1,348/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $284,250

Total Rent: 0/year

Estimated CAP Rate:

4 Bedrooms

Baths

1744

Total Parking: 3 (1 Garage)

5,201 (0.12)

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, updated asphalt shingle roof, updated vinyl windows, updated electrical service and panels as well as added insulation in the attic and other areas. The interior of the home features two units both with identical floor plans on the 1st and second floor. Each unit has HW flooring, a decorative fireplace in the kitchen, a full bath, 2 bedrooms, a living room and a dining room plus an enclosed 3 season porch. The 2nd floor unit also features 3 additional rooms on the 3rd floor. This could make a great home office or possible additional bedrooms.

This home has been viewed 50 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

Water Views

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 Tax5113

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

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

Rent IncludesHeat

General Information for 16 Lemon St, Salem MA 01970

Listing ID73078595

Property TypeMulti Family

Price568500 ($325.97/SqFt)

StyleMulti Family

CitySalem

CountyEssex

MLS AreaSalem Neck

Neighborhood(s)Ipswich

Approximate Living Area Total1744

Approximate Lot Size (Acres)0.12

Total Parking3 (1 Garage)

Garage Parking1

Year Built1870

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR2

Water ViewsNo

Water Views Features

Waterfront FeaturesRiver

Terms

Disclosures for 16 Lemon St, Salem MA 01970

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Personal Property.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Compensation Based OnNet Sale Price

Financial Information for 16 Lemon St, Salem MA 01970

Real Estate Taxes5113

Tax Year2023

Assessed Value$408,700

Financial Data SourceEstimated

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 16 Lemon St, Salem MA 01970

Neighborhood(s)Ipswich

MLS AreaSalem Neck

Area AmenitiesWalk/jog Trails

Contact Information for 16 Lemon St, Salem MA 01970

Agent

Name: Team Cotraro - Mike & Mary

Office

Name: Lux Realty North Shore

Phone: 978-922-1000

Payment Calculator

, Interest

Property Taxes 426.08

Principal & Interest 3502.92

HOA Dues

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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    [unparsed] => 16 Lemon St, Salem MA 01970
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EXIT

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