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Closed

27 Hancock Street, Salem MA 01970

$1,100,000

Estimated $2,032.04/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $366,666.67

Total Rent: 56928/year

Estimated CAP Rate: 4.90%

8 Bedrooms

3 Full Baths

3,602 SqFt

Total Parking: 0

3,005 SqFt

LEGAL, PERMANENT ADU Certificate of Occupancy for ALL NEW 3rd unit making THREE TOTAL UNITS in this spacious and generously updated multi-family, when owner-occupied. ALL NEW: roof, electrical, plumbing, and sprinkler system throughout entire building, gas heating systems, stainless steel appliances, and new heat pump/ac units on 3rd floor. First floor unit features spacious living and dining rooms, three bedrooms, one bath, in-unit laundry, large kitchen with new stainless steel appliances. Second floor unit features spacious living and dining rooms, three bedrooms, one bath, in-unit laundry, large kitchen with new stainless steel appliances, and exclusive outdoor balcony. Third floor ADU unit is a brand new two bedroom, one bath, in-unit laundry, skylights providing natural light, new kitchen with stainless appliances. Refinished hardwood floors throughout. Tankless, instant hot water systems for first and second floor units. Ample common storage in basement. See Disclosures.

This home has been viewed 29 times

Last Checked: May 7th, 2024 at 8:21am (Source: MLS PIN #73102129)

Gross Income: $56,928

Gross Expenses: $2,980

Net Income Calc: $53,948

CAP Rate: 4.90%

Beach Front

Annual Expenses for 27 Hancock Street, Salem MA 01970

Total Gross Expenses (Calculated)$2,980/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$2,980.75

Annual Income & Unit Breakdown for 27 Hancock Street, Salem MA 01970

Total Gross Income (Calculated)$56,928

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$2,900

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$1,844

Lease

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

General Information for 27 Hancock Street, Salem MA 01970

Listing ID73102129

Property TypeMulti Family

Price$1,100,000 ($305.39/SqFt)

StyleMulti Family

CitySalem

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total3,602 SqFt

Approximate Lot Size (Acres)0.06 acres

Total Parking0

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsRenovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

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

Energy Features

Terms

Disclosures for 27 Hancock Street, Salem MA 01970

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceMeasured

Title 5

Exclusions

Disclosures

Financial Data Source

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 27 Hancock Street, Salem MA 01970

Real Estate Taxes$2,980.75

Tax Year2023

Assessed Value$236,900

Financial Data Source

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)4.90%

Location Information for 27 Hancock Street, Salem MA 01970

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesWalk/jog Trails, Public School, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Marina, University

Contact Information for 27 Hancock Street, Salem MA 01970

Agent

Name: Jenna Lovely Buonfiglio

Office

Name: The Lovely Advisory LLC

Phone: 978-729-6311

Team Members

Payment Calculator

, Interest

Property Taxes 248.4

Principal & Interest 6777.85

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

The Lovely Advisory LLC

Jenna Lovely Buonfiglio

Agent Phone

Office Phone

(978) 729-6311

Text Agent Call Agent Call Office

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[owner_occupancy_source] => 
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[pasture_area] => None
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[perc_test] => Array
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[terms] => Array
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        )

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EXIT

Closed

27 Hancock Street, Salem MA 01970

$1,100,000

Annual Expenses for 27 Hancock Street, Salem MA 01970

Annual Income & Unit Breakdown for 27 Hancock Street, Salem MA 01970

General Information for 27 Hancock Street, Salem MA 01970

Disclosures for 27 Hancock Street, Salem MA 01970

Financial Information for 27 Hancock Street, Salem MA 01970

Location Information for 27 Hancock Street, Salem MA 01970

Contact Information for 27 Hancock Street, Salem MA 01970

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The Lovely Advisory LLC

Jenna Lovely Buonfiglio