Price Reduction - Waterfront
Address
21 Nichols St, Salem, MA
Price
$ 549,900
Property Attributes
- MLS#73219947
- TypeContingent
- CountyESSEX
- CitySalem
- Zip01970
- Style2 Family - 2 Units Up/Down
- Year Built1961
- Taxes$ 6011
- Price$ 549,900
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1280
- Lot Size2,614 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
PRICE REDUCTION DUE TO INTEREST RATES. 2 family house in Witchcraft Heights, Salem, presents an incredible investment opportunity. Rent out both units or live in one and have tenants help with your mortgage. The first floor has been recently updated with a new kitchen, bathroom, and fresh paint, while the second floor features beautifully restored hardwood floors, a modern kitchen with new appliances, and a granite bar countertop. Major updates like a new roof, updated electric system, vinyl siding, separate utilities. Each unit has its own washer and dryer, and there's extra storage space in the basement. With leases ending at different times, you have flexibility in deciding whether to rent out both units or occupy one yourself. It's a fantastic opportunity to own a property in a desirable area of Salem close to commuter rail, downtown and great restaurants and waterfront. Rents are below market. OFFER DEADLINE 4/23 6PM
| Elementary School | Middle School | High School |
|---|---|---|
| Witchcraft Elementary School | Collins Middle School | Salem High School |
| Price History | |
|---|---|
| 4/4/2024 | Listed $599,000 |
| 4/10/2024 | 5% - $574,900 |
| 4/19/2024 | 5% - $549,900 |
General Features
| Interior Features | Pantry,Bathroom With Tub & Shower,Cathedral/Vaulted Ceilings,Upgraded Countertops,Kitchen,Living RM/Dining RM Combo |
|---|---|
| Sewer | Public Sewer |
| Heating | Natural Gas |
| Cooling | None |
| Utilities | for Electric Range,for Electric Oven,for Electric Dryer,Washer Hookup |
| Roof | Asphalt/Composition Shingles |
| Appliances | Range,Refrigerator,ENERGY STAR Qualified Refrigerator,ENERGY STAR Qualified Dishwasher |
| Exterior Features | Rain Gutters |
| Zoning | R1 |
| Patio/Porch Features | Porch |
| Construction Materials | Frame |
| Year Built | 1961 |
| Electric | 220 Volts |
| Property SubType | 2 Family - 2 Units Up/Down |
| Tax Year | 2024 |
| Gross Income | 42600 |
| Community Features | Public Transportation,Shopping,Medical Facility,House of Worship,University |
| County | Essex |
| Net Operating Income | 42600 |
| Property Type | Residential Income |
| Contingency | Inspection |
| Garage Y/N | No |
| Rent Includes | Unit 1(Water,Other (See Remarks)),Unit 2(Water,Other (See Remarks)) |
| Total Rooms | 8 |
| Status | Contingent |
| Directions | Check GPS,Nichols Street is a one way from Boston Street |
| High School | Salem |
| City | Salem |
| Disclosures | see attachment. Buyer-Buyers agent to do due diligence. |
| Senior Community Y/N | No |
| Total Units | 2 |
| Lot Size Square Feet | 2648 |
| Waterfront Y/N | No |
| Street Name | Nichols St |
| Elementary School | Witchcraft |
| Year Built Details | Actual |
| Tax Annual Amount | 6011 |
| Home Warranty Y/N | No |
| Middle/Junior High School | Collins |
| Building Area Units | Square Feet |
| Standard Status | Active Under Contract |
| Year Built Source | Public Records |
| Tax Assessed Value | 517300 |
| Total Actual Rent | 3550 |
| Compensation Based On | Gross/Full Sale Price |
| Sub-Agency Relationship Offered | No |
Interior Features
| Basement | Full |
|---|---|
| Flooring | Wood,Laminate,Hardwood |
| Total Stories | 3 |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Window Features | Insulated Windows |
| Fireplace Y/N | No |
| Full Baths | 2 |
| Laundry Features | Electric Dryer Hookup,Washer Hookup |
| Total Bedrooms | 2 |
| Total Baths | 2 |
Exterior Features
| Fencing | Fenced |
|---|---|
| Parking Features | Off Street,Tandem |
| Lot Features | Corner Lot |
| Water Source | Public |
| Total Parking | 2 |
| Lot Size Area | 0.06 |
| Foundation Details | Concrete Perimeter |
| Spa | No |
| Building Area Total | 1280 |
| Lot Size Acres | 0.06 |
| Lot Size Units | Acres |
| Door Features | Insulated Doors,Storm Door(s) |
| Road Frontage Type | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 01970
Price
Taxes
Visits
Year Built
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and
