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Canceled

3 Hazel St, Salem MA 01970

$875,000

Estimated $2,029.31/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $291,666.67

Total Rent: 54300/year

Estimated CAP Rate: 5.37%

5 Bedrooms

3 Full Baths

2,056 SqFt

Total Parking: 0

1,673 SqFt

This property will come back on market in the Spring 2025. Adding to the rental portfolio? Or maybe looking to get started? Look no further than 3 Hazel Street. Unit 1 and 2 offer flexible configuration and can be used as 1 or 2 bedroom units, each with 1 bathroom. Unit 3 is a charming 1 bed 1 bath unit. Unit 1 has had a recent renovation including new kitchen, refinished floors, and installation of a mini-split system offering heating and cooling. All units have separate electric and gas utilities. Still room for value-add by increasing rents, by doing cosmetic updates, and adding in-building laundry. This 3-family is nicely situated between Salem State University and Downtown, and will be in close proximity to the proposed South Salem Station. Salem and surrounding towns offer great amenities such as beaches, golf courses, restaurants, shops, and nature trails. A great long term play, 3 Hazel St will be a great investment!

This home has been viewed 69 times

Last Checked: December 4th, 2024 at 5:19am (Source: MLS PIN #73306955)

Gross Income: $54,300

Gross Expenses: $7,326

Net Income Calc: $46,974

CAP Rate: 5.37%

Annual Expenses for 3 Hazel St, Salem MA 01970

Total Gross Expenses (Calculated)$7,326/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,326

Annual Income & Unit Breakdown for 3 Hazel St, Salem MA 01970

Total Gross Income (Calculated)$54,300

Unit 1

Rental Income$1,800

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 2

Rental Income$1,750

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 3

Rental Income$975

LeaseY

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

General Information for 3 Hazel St, Salem MA 01970

Listing ID73306955

Property TypeMulti Family / 3 Family

Price$875,000 ($425.58/SqFt)

Style3 Family

CitySalem

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total2,056 SqFt

Approximate Lot Size (Acres)0.04 acres

Total Parking0

Garage Parking

Year Built1915

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesEasements

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 3 Hazel St, Salem MA 01970

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureMeasurements come from Public Record, not owner or

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$54,300

Total Net Income By Broker$54,300

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnCompensation Offered But Not In Mls

Financial Information for 3 Hazel St, Salem MA 01970

Real Estate Taxes$7,326

Tax Year2024

Assessed Value$630,500

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$54,300

BostonRealEstate.com Gross Income

Total Net Income By Broker$54,300

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.37%

Location Information for 3 Hazel St, Salem MA 01970

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesWalk/jog Trails, Laundromat, Public Transportation, T-station, University

Contact Information for 3 Hazel St, Salem MA 01970

Agent

Name: Jonathan McCarron

MLS ID: CN212280

Office ID: M95385

National Association ID: 454007514

Address: 349 Cabot Street, Unit 1

City: Beverly

State: MA

Zip: 01915

Office

Name: William Raveis R.E. & Home Services

MLS Office ID: M95385

Phone: 781-631-1199

Payment Calculator

, Interest

Property Taxes 610.5

Principal & Interest 5391.47

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

William Raveis R.E. & Home Services

Jonathan McCarron

Agent Phone

Office Phone

(781) 631-1199

Text Agent Call Agent Call Office

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)

EXIT

Canceled

3 Hazel St, Salem MA 01970

$875,000

Annual Expenses for 3 Hazel St, Salem MA 01970

Annual Income & Unit Breakdown for 3 Hazel St, Salem MA 01970

General Information for 3 Hazel St, Salem MA 01970

Disclosures for 3 Hazel St, Salem MA 01970

Financial Information for 3 Hazel St, Salem MA 01970

Location Information for 3 Hazel St, Salem MA 01970

Contact Information for 3 Hazel St, Salem MA 01970

Agent

Office

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Exclusive Listing Agent

William Raveis R.E. & Home Services

Jonathan McCarron