$1,300,000
73 Essex
Salem, MA, 01970
Discover a fantastic investment opportunity with this beautiful two-family home conveniently located near Salem’s vibrant shops, restaurants, and cultural attractions. Enjoy easy access to public transportation and major roadways, making this property a highly desirable location for tenants and homeowners alike. The first-floor unit boasts high ceilings, a recently renovated kitchen and bath, radiant floor heating, and modern appliances. The second floor offers two comfortable bedrooms and a newer kitchen. The partially finished third floor adds versatility with its four additional rooms. Set on a generous quarter acre lot with potential for significant expansion, this property combines contemporary upgrades with future growth possibilities. Enjoy the benefits of passive income with the potential for strong rental yields from the well-maintained units. Current owners have been using the second floor unit as a Airbnb grossing 50k/year.
Property Details
Price:
$1,300,000
MLS #:
73273671
Status:
Pending
Beds:
8
Baths:
2.5
Address:
73 Essex
Type:
Multi Family
City:
Salem
Listed Date:
Aug 5, 2024
State:
MA
Finished Sq Ft:
3,359
Total Sq Ft:
3,359
ZIP:
01970
Lot Size:
11,299 sqft / 0.26 acres (approx)
Year Built:
1850
Units:
2
Schools
Interior
Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Bathrooms
2 Full Bathrooms, 1 Half Bathroom
Flooring
Wood
Heating
Natural Gas
Exterior
Community Features
Public Transportation, Shopping, Park, Highway Access
Parking Features
Off Street
Parking Spots
3
Roof
Shingle, Rubber
Financial
Tax Year
2024
Taxes
$9,089
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of Little & Co., REALTORS®. 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.
73 Essex
Salem, MA
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