North Reading Realtors |Real Estate Offices in Wilmington | No. Andover, Tewksbury | No. Reading M

35 Buffum Street, Salem, MA 01970  

Multi-Family
$675,000
Price
2
Units
2,700
Approx. GLA
Awesome Location!!!! This Classic Two Family Colonial is located in North Salem near Peabody. Nice neighborhood, very convenient to all the shops and restaurants downtown and only 1/2 mile from the Train to Boston. Many updates including Corian kitchen counters, newer heating systems, NEW BACK PORCH, NEW ROOF, NEW DRIVEWAY! Each unit has a washer and dryer. Separate utilities for each apartment. 1st floor apt. (2) bedrooms. Huge 2nd & 3rd floor apt. (4) bedrooms & (2) baths. Great fenced in large backyard, perfect for summer cookouts. Horseshoe pits and horse shoes waiting for you in the backyard. The driveway has room for six cars; 3 & 3; tandem. Rents are under market. Good investment opportunity for investor or owner occupant. Great place to live with rich historical roots. You will love the Peabody Essex Museum and strolling on the Salem Common. Open House, Saturday and Sunday 12 to 1:30PM. Offers due by Tuesday at Noon.
Open House
No scheduled Open Houses
Highlights
Terms: Contract for Deed
Basement Features: Full, Unfinished Basement
List Price: $675,000
Type: Multi-Family
Multi-Family Type: 2 Family - 2 Units Up/Down
Status: Under Agreement
Beds: 6
Baths: 3
Units: 2
Year Built: 1890
Year Round: Yes
Approx. GLA: 2,700
MLS#: 72865193
 
 
Interior
Basement: Yes
Electricity Cost: $360
Electric Features: 220 Volts, Circuit Breakers, 100 Amps
Heating Units: 2
Heating Zones: 2
Flooring: Tile, Hardwood
Energy: Insulated Windows
Hot Water: Natural Gas
Rooms: 13
Lead Paint: Unknown
Total Floors: 3
UFFI: Unknown
Exterior
Water: No
Acres: 0.16
Lot Size: 6,848.00
Lot Description: Paved Drive, Fenced/Enclosed, Level
Foundation: Fieldstone, Brick
Parking Spaces: 6
Parking Features: Off-Street, Tandem, Paved Driveway
Road Type: Public, Paved, Publicly Maint., Sidewalk
Color: Grey
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Gas Range, for Gas Dryer, Washer Hookup
Exterior: Clapboard
Exterior Features: Porch - Enclosed, Gutters, Fenced Yard
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $520,700
Taxes: $7,186
Tax Year: 2021
Book/Page: 35016/333
Beach
Beach: No
Expenses
Expenses Source: Estimated
Gross Income: $42,960
Gross Expenses: $13,546
Total Rent: $3,580
Net Income: $36,600
Insurance Cost: $3,000
R&M Cost: $1,500
Sewer Cost: $650
Water Cost: $650
Misc. Cost: $200
 
 
Additional
Amenities: Public Transportation, Shopping, Park, Highway Access, Public School, T-Station
Disclosure Declaration: No
Disclosure: Attached Floor Plans are approx. measurements. All appliances included. Apt. #1 Tenant at Will. Apt. #2 lease expiring 12/31/2021.Seller reserves right to accept an offer at anytime prior to Tues. Noon.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 5 2 0 1 1 0 No 1 $1,380
Unit 2 8 4 0 2 2 0 Yes 2 $2,200
Units Extras
Unit 1
Rent Includes:  Water  Cooling:  Window AC  Applicances:  Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer  Heating:  Forced Air, Gas  Interior:  Bathroom With Tub & Shower, Hardwood Floors, Upgraded Countertops, Ceiling Fans, Cable TV Available, Storage  Rooms:  Living Room, Dining Room, Kitchen 
Unit 2
Rent Includes:  Water  Cooling:  Window AC  Applicances:  Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer  Heating:  Steam, Gas  Interior:  Bathroom With Tub & Shower, Hardwood Floors, Upgraded Countertops, Ceiling Fans, Cable TV Available  Rooms:  Living Room, Dining Room, Kitchen, Sunroom 
Map
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The listing office is RE/MAX Renaissance Inc. and the listing agent is William B. Hoey. The property listing data and information, or the images, 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, and the images, 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 it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 8/3/2021 9:35:00 PM.
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