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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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364-366 Essex St , Salem, MA 01970
$2,200,000
Est. Payment: $4,888.89/mo
10 Bed
9 Bath
7033 Sqft
Status: Under Agreement | Days on site: 31
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AN2723 - CN227795
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House Description

364-366 Essex Street contains one (1) 2-Bedroom/1-Bathroom unit, five (5) 1-Bedroom/1-Bathroom units, one (1) 2-Room Studio unit, and two (2) Studio units with 7,033 square feet of gross living area in 9,044 square feet of gross area. The Property is situated upon a 0.13-acre parcel and features four (4) off-street parking spaces. Located in the heart of downtown Salem, 364-366 Essex Street benefits from one of the North Shore's most desirable apartment markets, supported by a diverse employment base, exceptional walkability, and year-round visitor activity. The Landlord is responsible for providing oil powered heat & electric powered hot water to both buildings. The Landlord provides common area electricity to both buildings, as well as unit electric to 364 Essex, while Tenants at 366 Essex pay their own unit electric. The Landlord is responsible for providing city water & sewer to all units. The opportunity exists to acquire a well-maintained asset in a desirable North Shore location.

Highlights

Listed by Stephen Girolamo , 978-406-1789 Horvath & Tremblay , 781-776-4000.

Property Type

Multi-Family

Lot/Acreage
0.13

Year Built

1850

County

Essex

Listing ID

73561757

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:10
  • Bathrooms:9
  • Full Bathrooms:9
Water:Public

Exterior Features

Lot:Corner Lot,Harbor,1/2 to 1 Mile To Beach,Beach Ownership(Other (See Remarks))
Garage Capacity:4
Zoning:R2
Roof:Shingle
Sewer:Public Sewer
Parking Features:Off Street,Parking Spaces: 4
Principal Interest
$4,889
Taxes
$1,819

Home Price

$2,200,000

Loan Details

30 yrs
%

Down Payment

20%
$440,000
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Monthly Price:
$4,888.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,888.89 $1,819.17 $0.00 $6,708.06
Yearly $58,666.67 $21,830.00 $0.00 $80,496.67
Total $1,760,000.00 $654,900.00 $0.00 $2,414,900.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Salem, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.