Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Closed

9 Hodges Ct, Salem MA 01970

$890,000

Estimated $2,168/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $296,666.67

Total Rent: 59472/year

Estimated CAP Rate:

5 Bedrooms

Baths

2063

Total Parking: 3

2,387 (0.05)

This 3-unit Property has undergone major renovations /repairs, approximately 23 years ago. Upgrades included, Plumbing, Electrical, Heating, Kitchens, Bathrooms, Wall Boarding and Trim. The renovations tastefully blends old character with new amenities. Roof 3 years old. The rear of property overlooks adjacent neighboring gardens and Derby Wharf. Coin operated Washer and Dryer located in basement. Separate Heat and Hot Water.

This home has been viewed 44 times

Last Checked: May 7th, 2024 at 3:41am (Source: MLS PIN #73084529)

Gross Income: $59,472

Gross Expenses: $11,534

Net Income Calc: $47,938

Water Views

Annual Expenses for 9 Hodges Ct, Salem MA 01970

Total Gross Expenses (Calculated)$11,534/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8701

Annual Income & Unit Breakdown for 9 Hodges Ct, Salem MA 01970

Total Gross Income (Calculated)$59,472

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 9 Hodges Ct, Salem MA 01970

Listing ID73084529

Property TypeMulti Family / 3 Family

Price890000 ($431.41/SqFt)

Style3 Family

CitySalem

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total2063

Approximate Lot Size (Acres)0.05

Total Parking3

Garage Parking0

Year Built1890

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningR2

Water ViewsYes

Water Views FeaturesBay

Waterfront FeaturesRiver

Terms

Disclosures for 9 Hodges Ct, 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 Compensation2

Compensation Based OnNet Sale Price

Financial Information for 9 Hodges Ct, Salem MA 01970

Real Estate Taxes8701

Tax Year2023

Assessed Value$695,500

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 9 Hodges Ct, Salem MA 01970

Elementary SchoolBentley

High SchoolSalem

Neighborhood(s)Ipswich

Area Amenities

Contact Information for 9 Hodges Ct, Salem MA 01970

Agent

Name: Jay Levy

Office

Name: Bedrock Properties

Phone: 978-922-5479

Payment Calculator

, Interest

Property Taxes 725.08

Principal & Interest 5483.9

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Bedrock Properties

Jay Levy

Agent Phone

Office Phone

(978) 922-5479

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 0.05 acres (2,387 SqFt)
    [add_date] => 2024-05-07 03:41:01
    [address] => Hodges Ct
    [agent] => Array
        (
            [address] => 145 Cabot Street
            [city] => Beverly
            [id] => NB112744
            [name] => Jay  Levy
            [national_association] => 
            [office] => NB3488
            [state] => MA
            [zip] => 01915
        )

[apod_available] => Array
        (
            [0] => Yes
        )

[appliances] => Array
        (
        )

[approx_living_area_total] => 2063
    [approx_lot_size_acres] => 0.05
    [approx_lot_size_sqft] => 2387
    [assessed_value] => $695,500
    [association] => 
    [association_fee] => Array
        (
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => 0
    [basement] => Array
        (
            [0] => Full
        )

[bathrooms] => 
    [bedrooms] => 5
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
            [0] => Public Records
        )

[building_management] => Array
        (
        )

[building_debug] => 
    [building_id] => 
    [building_parent] => 0
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 2
    [buyer_agent_id] => CN214873
    [buyer_office_id] => AN6818
    [c_style] => Array
        (
            [0] => 3 Family
        )

[c_type] => Array
        (
            [0] => Multi Family
        )

[cap_rate] => 
    [city] => Salem
    [community_features] => Array
        (
        )

[compensation_based_on] => Array
        (
            [0] => Net Sale Price
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
            [0] => Frame
        )

[construction_status] => 
    [cooling] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[county] => Essex
    [cultivation_acres] => 
    [date_available_note] => 
    [deposit_amount] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => This 3-unit Property has undergone major renovations /repairs, approximately 23 years ago. Upgrades included, Plumbing, Electrical, Heating, Kitchens, Bathrooms, Wall Boarding and Trim. The renovations tastefully blends old character with new amenities. Roof 3 years old. The rear of property overlooks adjacent neighboring gardens and Derby Wharf. Coin operated Washer and Dryer located in basement. Separate Heat and Hot Water.
    [disclosures] => 
    [documents_available] => Array
        (
        )

[electric] => Array
        (
        )

[electric_expense] => Array
        (
        )

[elementary_school] => Bentley
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => 
    [entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
            [0] => All Personal Property.
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 2
    [fee_paid_by_tennant] => 
    [financial_data_source] => Array
        (
            [0] => Estimated
        )

[fireplaces] => Array
        (
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
        )

[for_sale_by_owner] => 
    [foundation_area] => 
    [foundation_materials] => Array
        (
        )

[frontage_length] => 
    [full_baths] => 
    [garage_parking] => 0
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
        )

[gross_income] => Array
        (
        )

[half_baths] => 
    [handicap_access] => 
    [heating] => 
    [heating_expense] => Array
        (
        )

[high_school] => Salem
    [horse_features] => Array
        (
            [0] => River
        )

[horse_permitted] => 
    [hot_water] => Array
        (
        )

[id] => 
    [insurance_expense] => Array
        (
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2024-05-07 03:41:01
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
        )

[lease_term] => Array
        (
        )

[levels_in_unit] => 
    [living_area] => 
    [living_area_disclosure] => Array
        (
        )

[living_area_includes_basement] => Array
        (
            [0] => No
        )

[lot_features] => Array
        (
        )

[management_expense] => Array
        (
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
        )

[mls_area] => 
    [mls_id] => 73084529
    [neighborhoods] => Ipswich
    [net_income_calc] => 47938
    [net_operating_income] => Array
        (
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 3
    [office] => Array
        (
            [id] => NB3488
            [name] => Bedrock Properties
            [phone] => 978-922-5479
        )

[operating_expense] => Array
        (
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
            [0] => 1
        )

[pasture_area] => 
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => 
    [pet_policy] => Array
        (
            [0] => Allowed
        )

[phone] => 
    [pool_features] => Array
        (
        )

[price] => 890000
    [price_per_sqft] => 431.41
    [price_per_unit] => 296666.66666667
    [private_pool] => 
    [property_sub_type] => Array
        (
            [0] => 3 Family
        )

[real_estate_tax] => 8701
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[repair_maintenance_expense] => Array
        (
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
            [0] => Asphalt/fiberglass Shingles
        )

[rooms] => 13
    [schools] => 
    [senior_community] => 
    [sewer] => Array
        (
            [0] => Public Sewer
        )

[sewer_expense] => Array
        (
        )

[short_sale] => Array
        (
        )

[special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Closed
        )

[street_number] => 9
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 1
    [tax_year] => 2023
    [team] => 
    [team_agents] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => 
    [title_5] => 
    [total_gross_expense] => 11534
    [total_gross_income] => 59472
    [total_parking] => 3
    [trash_expense] => Array
        (
        )

[travel_routes] => 
    [uffi] => Array
        (
        )

[unit_1_bathrooms] => 1 Full
    [unit_1_bedrooms] => 2
    [unit_1_floor] => 1
    [unit_1_lease] => Array
        (
            [0] => Y
        )

[unit_1_levels] => 1
    [unit_1_rent] => Array
        (
        )

[unit_2_bathrooms] => 1 Full
    [unit_2_bedrooms] => 2
    [unit_2_floor] => 2
    [unit_2_lease] => Array
        (
            [0] => Y
        )

[unit_2_levels] => 1
    [unit_2_rent] => Array
        (
        )

[unit_3_bathrooms] => 1 Full
    [unit_3_bedrooms] => 1
    [unit_3_floor] => 3
    [unit_3_lease] => Array
        (
            [0] => Y
        )

[unit_3_levels] => 1
    [unit_3_rent] => Array
        (
        )

[unit_4_bathrooms] => 
    [unit_4_bedrooms] => 
    [unit_4_floor] => 
    [unit_4_lease] => Array
        (
        )

[unit_4_levels] => 
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => 9 Hodges Ct, Salem MA 01970
    [utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
            [0] => Public
        )

[water_expense] => Array
        (
        )

[water_views] => Array
        (
            [0] => Yes
        )

[water_views_features] => Array
        (
            [0] => Bay
        )

[waterfront] => 
    [waterfront_features] => Array
        (
            [0] => River
        )

[year_built] => 1890
    [year_built_details] => Approximate
    [year_built_source] => Public Records
    [year_renovated] => 
    [zip] => 01970
    [zips] => 
    [zoning] => R2
    [zoning_details] => 
    [media] => Array
        (
            [0] => https://www.bostonrealestate.com/wp-content/uploads/WPL/335185/MLS1.jpg
            [1] => https://media.mlspin.com/photo.aspx?mls=73084529&w=1024&h=768&n=2
            [2] => https://media.mlspin.com/photo.aspx?mls=73084529&w=1024&h=768&n=3
            [3] => https://media.mlspin.com/photo.aspx?mls=73084529&w=1024&h=768&n=4
            [4] => https://media.mlspin.com/photo.aspx?mls=73084529&w=1024&h=768&n=5
            [5] => https://media.mlspin.com/photo.aspx?mls=73084529&w=1024&h=768&n=6
            [6] => https://media.mlspin.com/photo.aspx?mls=73084529&w=1024&h=768&n=7
            [7] => https://media.mlspin.com/photo.aspx?mls=73084529&w=1024&h=768&n=8
        )

[raw] => 
)

EXIT

6 More Photos

Closed

9 Hodges Ct, Salem MA 01970

$890,000

Annual Expenses for 9 Hodges Ct, Salem MA 01970

Annual Income & Unit Breakdown for 9 Hodges Ct, Salem MA 01970

General Information for 9 Hodges Ct, Salem MA 01970

Disclosures for 9 Hodges Ct, Salem MA 01970

Financial Information for 9 Hodges Ct, Salem MA 01970

Location Information for 9 Hodges Ct, Salem MA 01970

Contact Information for 9 Hodges Ct, Salem MA 01970

Agent

Office

Payment Calculator

Exclusive Listing Agent

Bedrock Properties

Jay Levy