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You are here:
Home Massachusetts Salem Multi-Family Homes for Sale

237 Jefferson Ave Salem, MA 01970

$1,250,000
3 Unit
9 Beds
3 Baths
3778 SQFT
0.12 Acre
237 Jefferson Ave
Salem, MA 01970

Property Description

Turn key triple decker investment gem next to Salem State University, 1 mile to downtown Salem & Commuter Rail, 1/2 mile to schools and a short drive to local amenities. Renovated in 2020 with high efficiency gas heat/ tankless hot water, new plumbing & electrical, new meters, toilets, showers and appliances. Each unit features 3 beds, 1 bath & in-unit laundry with similar layouts and modern kitchens & baths. The building includes generous 2 car parking for each unit in the expansive fenced lot. This is a plug and play investment as an income property or condo conversion. All units rented well below market. Contact list agent for group showing info. **GROUP SHOWING SAT 3/30 2:15-3:00, CONTACT AGENT TO CONFIRM**

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Amenities: Bike Path, Conservation Area, Golf Course, House of Worship, Marina, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Full, Interior Access, Sump Pump, Unfinished Basement
  • Common Rooms: Kitchen, Living Room, Sunroom
  • Common Interior Features: Bathroom With Tub & Shower, Internet Available - Broadband, Pantry, Stone/Granite/Solid Counters, Tile Floor, Upgraded Cabinets
  • Common Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 92340
  • Gross Expenses: 8816
  • Water/Sewer: 3200
  • INSC: 4956
  • RFS: 660
  • Net Operating Income: 83524

Utilities

  • Heat Zones: 3
  • Electric Info: 100 Amps, Circuit Breakers, Other (See Remarks), Underground
  • Energy Features: Insulated Doors, Insulated Windows
  • Utility Connections: for Electric Dryer, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Tile, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73211392
  • Last Updated: 03/28/24
  • Terms: Contract for Deed, Rent w/Option

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
03/22/2024Active$1,250,000$331MLSPIN
03/18/2024New$1,250,000$331MLSPIN

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Seller's Representative: Dan Bernal, Atlantic Coast Homes,Inc
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 1
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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 may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-03-28 15:48:00

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