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

21 Symonds St Salem, MA 01970

$950,000
3 Unit
8 Beds
4 Baths
3363 SQFT
0.07 Acre
21 Symonds St
Salem, MA 01970

Property Description

Turnkey de-leaded investment property with strong rental income and quality long-term TAW tenants. Spacious Victorian era 3-Family located in convenient North Salem, less than a mile from the Salem MBTA Station and Downtown, and just 2 miles from Rt. 128. Ideal unit mix with two large 5 room / 3 bdrm / 1 bath units and one 4 room / 2 bdrm / 1 bath unit. Tenants pay electric and heat. 1st and 3rd floor units renovated 2019, plus new chimneys and brand new coin-op laundry in basement for extra income. New front roof in 2020, and added 3rd parking space and new hot water heater for unit 2 (paid by tenant). Exterior features low maintenance vinyl siding, replacement windows, a sweet little front porch and fenced-in back yard. Off-street parking for 3 cars.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 4
  • Amenities: Bike Path, Conservation Area, Golf Course, House of Worship, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Concrete Floor, Finished, Full, Interior Access, Other (See Remarks), Walk Out
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Upgraded Cabinets
  • Common Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Common Heating: Central Heat, Electric, Extra Flue, Forced Air, Gas, Geothermal Heat Source, Heat Pump, Individual, Oil, Oil
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Gross Operating Income: 80650
  • Gross Expenses: 14580
  • GSE: 861
  • Electric Expenses: 252
  • Water/Sewer: 1465
  • INSC: 3150
  • RFS: 756
  • Net Operating Income: 66070

Utilities

  • Heat Zones: 4
  • Electric Info: 100 Amps, Circuit Breakers, Individually Metered, Other (See Remarks), Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: SESD

Unit 1 Description

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

Unit 2 Description

  • Included in Rent: None
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Hot Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Pine, Vinyl, Vinyl / VCT, Wood
  • Lead Paint: None
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73234987
  • Last Updated: 05/14/24
  • Terms: Other (See Remarks), Special

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Seller's Representative: Gary Blattberg, RE/MAX Beacon
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1
Facilitator Compensation: 1
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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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 2024-05-14 15:00:00