Brought to you by: Gingle Lerman Realty Group - REMAX Advantage Real Estate
12 Atlantic Avenue
Marblehead, MA 01945

(617) 838-3102   (781) 479-0813
Website: http://www.ginglelermanrealtygroup.com
Email: ginglelermanrealtygroup@gmail.com
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17 Hazel St
Salem, MA. 01970


MLS # 72638987 - Contingent
Multi-Family 2 Family    

List Price $589,000 Days on Market  
List Date   # Units 2
Sale Price   # Floors  
Sold Date   Rooms 10
Assessed Value $352,600 Bedrooms 6
Gross Living Area 2,424SF Full Baths 2
Lot Size 4,356SF Half Baths 0
Taxes $5,324.00 Fireplaces  
Tax Year 2020 Basement Yes
Zoning R2 Waterfront No
Est. Street Front 42 ft. Beach Nearby Yes
Year Built 1914 Parking Spaces 0
    Garage Spaces 0

Remarks:

Excellent Investor or Home Owner Opportunity! Large, de-leaded Two-family with level back yard. Each unit has: 3 bedrooms, full bath, eat-in kitchen, laundry room w/ washer and dryer, living room; separate heat, hot water and electrical systems. Recent updates: new rubber roof, repointed chimney, rebuilt front and back porches, updated kitchens with granite counters, insulated replacement windows, new kitchen floor #2, hardwood floors just sanded and refinished. Both units are vacant, freshly painted and rent ready. Rent was about $2,200 per unit. Expected rent is $2,400 per unit, Cap Rate 7.1%, return on cash 8.7% at 25% downpayment. Showings limited to small buyer groups to maintain CDC's 6 feet of separation. Please no children. Bring gloves and sanitizer. Virtual Tours: 360 degree photos: https://bit.ly/2wyAZ9D ; Video https://vimeo.com/401918009/353627aadf

Features
Amenities   Public
   Transportation,
   Shopping, Public School,
    T-Station, University
Basement   Full, Interior
   Access, Bulkhead,
   Concrete Floor,
   Unfinished Basement
Beach   1 to 2 Mile mi.,
   Harbor (Public)
Construction   Frame
Electricity   Circuit
   Breakers, 100 Amps
Energy   Insulated Windows
Exterior   Aluminum
Exterior Feat.   Porch,
   Gutters
Flooring   Wood, Vinyl
Foundation   Granite
Foundation Size   46x28
Heating Zones   2
Hot Water   Natural Gas
Lead Paint   Certified
   Treated
Lot   Sloping
Road   Public, Paved,
   Publicly Maint.,
   Sidewalk
Roof   Rubber
Sewer / Water   City/Town
   Sewer, City/Town Water
Warranty   No
Units
Unit 1 Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Vent Hood; Bedrooms: 3; Cooling:
     None; Floor: 1; Full Baths: 1; Heating: Forced Air, Gas; Interior: Ceiling Fans, Lead
     Certification Available, Stone/Granite/Solid Counters, Hardwood Floors, Bathroom With Tub &
     Shower; Lease: No; Levels: 1; Rent: 2200; Rent Includes: Water; Rooms: 5; Rooms Desc.: Living Room,
     Kitchen, Laundry
Unit 2 Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Vent Hood; Bedrooms: 3; Floor: 2;
     Full Baths: 1; Heating: Forced Air, Gas; Interior: Ceiling Fans, Lead Certification Available,
     Balcony/Deck, Stone/Granite/Solid Counters, Hardwood Floors, Bathroom With Tub & Shower; Lease:
     No; Levels: 1; Rent: 2100; Rent Includes: Water; Rooms: 5; Rooms Desc.: Living Room, Kitchen,
     Laundry
Financial Info
Electricity   $147
Expenses Source   Owner
   Provided
Expenses Year End   12/19
Gross Expenses   $6,721
Gross Oper. Income  
   $51,660
Insurance   $1,300
Net Oper. Income   $46,079
Refuse Removal   $432
Repairs & Maint.   $2,605
Water   $2,237
Additional Information
APOD Available?   Yes
Adult Community   No
Anticipated Sale Date  
   07/15/2020
Deed   Book: 27534, Page:
   465
Foreclosure   No
GLA Source   Public Record
Living Area Disclosures  
   1, 212 sf on first floor
   and 1, 212 sf on second
   floor per assessor
Seller Disclosure Doc   No
Short Sale   No
Year Built Desc.   Actual
Year Built Source   Public
   Record

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Property Last Updated by Listing Office: 5/29/20 8:03am

Courtesy: MLSPIN

Contact agent for more information about this listing
Listing Office: RE/MAX Advantage Real Estate Listing Agent: Kathleen Sullivan


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