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17-23 Palmer

Salem, MA 01970
  • $2,000,000
  • STATUS: Contingent
  • MLS #: 73215172
Under Contract
$2,000,000
  • 19
    BEDS
  • 0.16
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 7,044
    SQFT
  • $284
    $/SQFT
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

Listing courtesy of Francesca Little of Little & Co., REALTORS®.

Description

Discover the potential of this oversized 6-family property located at 17-23 Palmer St. Each unit boasts ample space, with four (4) large 3-4 bedroom, 1 bath units, and two (2) spacious 3 bedroom, 1 bath units. With 6-7 off-street parking spots, this property offers convenience and accessibility for both tenants and landlords alike. Landlord is responsible for Heat and some HW. Tenants pay their own electric. Rents are below market. See attached OM for rent roll (including pro forma) and detailed incomes/expenses.

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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. Data last updated 2024-04-04T00:06:27.963.
www.teamrosoremax.com/homes/148781149
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17-23 Palmer Salem, MA 01970

  • Price: $2,000,000
  • Status: Contingent
  • On Site: Days
  • MLS #: 73215172
19
Beds
6
Baths
0
½ Baths
0.16
Acres
7,044
SQFT
$284
$/SQFT
1915
Built
County:
Essex
Property Description
Discover the potential of this oversized 6-family property located at 17-23 Palmer St. Each unit boasts ample space, with four (4) large 3-4 bedroom, 1 bath units, and two (2) spacious 3 bedroom, 1 bath units. With 6-7 off-street parking spots, this property offers convenience and accessibility for both tenants and landlords alike. Landlord is responsible for Heat and some HW. Tenants pay their own electric. Rents are below market. See attached OM for rent roll (including pro forma) and detailed incomes/expenses.
Exterior Features

Covered Spaces 0 Garage YN No Lot Features Other Parking Features Off Street Parking Total 6 Roof Shingle Spa YN No Waterfront YN No

Interior Features

Building Area Total 7044 Fireplace YN No Fireplaces Total 0 Foundation Details Stone Heating Hot WaterNatural Gas Heating YN Yes Lead Paint Unknown Rooms Total 25

Property Features

Buyer Agency Compensation 2 Disclosures Buyers to their due diligence to verify all income and expenses. Electric Expense 895 Gross Income 129924 Gross Scheduled Income 8050 Home Warranty YN No Insurance Expense 6748 Net Operating Income 88436 Operating Expense 37590 Property Sub Type 5-9 Family Senior Community YN No Sewer Public Sewer Tax Annual Amount 10657 Tax Year 2023 Total Actual Rent 10827 Transaction Broker Compensation 2 Water Sewer Expense 8540 Water Source Public Year Built Details Approximate Zoning R3

Listing information © 2024 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Francesca Little of Little & Co., REALTORS®: 978-745-4447.


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. Data last updated 2024-04-04T00:06:27.963.
 
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Re/Max Vantage
77 State Road
Dartmouth MA, 02747
Listing courtesy of Francesca Little of Little & Co., REALTORS®.