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Home Massachusetts Salem Multi-Family Homes for Sale

21 Nichols St Salem, MA 01970

Contingent
Price Reduced $49,100
18 Photos
$549,900
2 Unit
2 Beds
2 Baths
1280 SQFT
0.06 Acre
21 Nichols St
Salem, MA 01970

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

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 2
  • Total Full Baths: 2
  • Amenities: House of Worship, Medical Facility, Public Transportation, Shopping, University
  • Basement Features: Full
  • Common Rooms: Kitchen, Living RM/Dining RM Combo
  • Common Interior Features: Bathroom With Tub & Shower, Pantry, Upgraded Countertops
  • Common Appliances: Dishwasher - ENERGY STAR, Range, Refrigerator, Refrigerator - ENERGY STAR, Washer Hookup
  • Common Heating: Extra Flue, Gas, Heat Pump
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 42600
  • Net Operating Income: 42600

Utilities

  • Heat Zones: 2
  • Electric Info: 220 Volts, At Street
  • Energy Features: Insulated Doors, Insulated Windows, Storm Doors
  • Utility Connections: for Electric Dryer, for Electric Oven, for Electric Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: SESD

Unit 1 Description

  • Included in Rent: Other (See Remarks), Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Other (See Remarks), Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1961
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Asphalt/Composition Shingles
  • Flooring Type: Hardwood, Laminate, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73219947
  • Last Updated: 04/24/24
  • Terms: Contract for Deed, Rent w/Option

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
04/24/2024Contingent$549,900$430MLSPIN
04/23/2024Active$549,900$430MLSPIN
04/19/2024Price Change$549,900$430MLSPIN
04/14/2024Active$574,900$449MLSPIN
04/10/2024Price Change$574,900$449MLSPIN
04/08/2024Active$599,000$468MLSPIN
04/04/2024New$599,000$468MLSPIN

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View Breakdown

Seller's Representative: Cheryl Colarusso, Keller Williams Realty Boston Northwest
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2%
Facilitator Compensation: 0
Compensation Based On: Gross/Full 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 2024-04-24 17:15:00

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