BEDS10
BATHS9 full
SQUARE FEET7,033
MLS#73561757
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
Property 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partially Finished
Heating: Oil
Lot Size: 0.13 Acres
Roof Type: Shingle
Stories: 5.0
Taxes: $21,830
Year Built: 1850
Feature Descriptions
Building Area Total: 7033
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Other
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 36
Dwelling Type: 5-9 Family
Electric: Common, Individually Metered
HeatingY/N: 1
Lot Features: Corner Lot
Parking Features: Off Street
Parking Total: 4
Rent Includes: Unit 1(Heat, Electric, Water, Hot Water), Unit 2(Heat, Electric, Water, Hot Water), Unit 3(Heat, Electric, Water, Hot Water), Unit 4(Heat, Electric, Water, Hot Water)
Rooms Total: 26
Sewer: Public Sewer
Units: 9
Water: Public
Waterfront Features: Harbor,1/2 to 1 Mile To Beach, Beach Ownership(Other (See Remarks))
Listed By / Shown By
Listed By
Agency Name: Horvath & Tremblay
Agent Name: Stephen Girolamo
Agency Phone: 781-776-4000
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 7,357.08 per month $4,896.25 Principal & Interest $1,819.17 Property Tax $641.67 Homeowner's Insurance
364-366 Essex Street | MLS# 73561757
This multi-family property located at 364-366 Essex Street, Salem, MA 01970 is currently listed for sale with an asking price of $2,200,000. Search Salem real estate on www.masiellogrouprealestate.com today.