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401 Essex St

Salem, MA 01970
  • $1,200,000
  • STATUS: Contingent
  • MLS #: 72885832
Under Contract
UPDATED: 19 min ago
$1,200,000
  • 6
    BEDS
  • 0.12
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 4,345
    SQFT
  • $276
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1817
County:
Area:

School Ratings & Info

Listing courtesy of Donna Lambert of Churchill Properties.

Description

BACK ON THE MARKET due to buyers remorse, Here is your chance to own income property in the MacIntyre District of Salem. The Captain Nathaniel Osgood House c 1815 has many of the historic features preserved. Each of the 6 units are unique, with 1 bedroom and 1 bath. Every unit has at least one fireplace that is currently decorative only. Fireplaces in 1st floor units have Beautiful Italian marble hearths. Many units have hardwood floors, high ceilings, picture rail and interior shutters. This building is well worth the effort. Additional unattached building currently occupied by seller could provide additional income. Available for viewing are 3 units, detached property, common area and basement. The remaining units will be available within 48 Hours of accepted offer. 2 units are currently vacant, All are TAW. Tenants pay gas and electric. Heat is included in rent for Units 1-4. Units 5 & 6 and additional building are electric heat paid by tenants.

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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 2021-12-04T15:08:45.987.
www.zackharwoodrealestate.com/homes/120788706
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401 Essex St Salem, MA 01970

  • Price: $1,200,000
  • Status: Contingent
  • On Site: Days
  • Updated: 19 min ago
  • MLS #: 72885832
6
Beds
6
Baths
0
½ Baths
0.12
Acres
4,345
SQFT
$276
$/SQFT
1817
Built
Neighborhood:
Other
County:
Essex
Area:
Other
Property Description
BACK ON THE MARKET due to buyers remorse, Here is your chance to own income property in the MacIntyre District of Salem. The Captain Nathaniel Osgood House c 1815 has many of the historic features preserved. Each of the 6 units are unique, with 1 bedroom and 1 bath. Every unit has at least one fireplace that is currently decorative only. Fireplaces in 1st floor units have Beautiful Italian marble hearths. Many units have hardwood floors, high ceilings, picture rail and interior shutters. This building is well worth the effort. Additional unattached building currently occupied by seller could provide additional income. Available for viewing are 3 units, detached property, common area and basement. The remaining units will be available within 48 Hours of accepted offer. 2 units are currently vacant, All are TAW. Tenants pay gas and electric. Heat is included in rent for Units 1-4. Units 5 & 6 and additional building are electric heat paid by tenants.
Exterior Features

Beachfront Yes Color Brick Construction FrameBrick Exterior ShinglesBrick Exterior Features Deck - Wood Foundation Fieldstone Lot Description CornerPaved Drive Parking Features Off-Street Parking Spaces 4 Road Type PublicPavedPublicly Maint.Sidewalk Roof Material Asphalt/Fiberglass ShinglesSlateRubber Waterfront Flag No Waterview Flag No

Interior Features

Appliances Unit1 Range Appliances Unit2 Range Appliances Unit3 Range Appliances Unit4 RangeRefrigerator Basement Yes Basement Features Bulkhead Bedrooms Unit1 1 Bedrooms Unit2 1 Bedrooms Unit3 1 Bedrooms Unit4 1 Fireplaces 7 Fireplaces Unit1 1 Fireplaces Unit2 1 Fireplaces Unit3 1 Fireplaces Unit4 1 Flooring VinylWall To Wall CarpetVaries Per UnitLaminateHardwood Floors Unit1 1 Floors Unit2 1 Floors Unit3 2 Floors Unit4 2 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heating Unit1 OilCommon Heating Unit2 OilCommon Heating Unit3 OilCommon Heating Unit4 OilCommon Hot Water Natural Gas Interior Features Common Storage Interior Features Unit1 Ceiling Fans Interior Features Unit2 Balcony/Deck Interior Features Unit3 Ceiling FansCrown MoldingHardwood Floors Levels 3 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Levels Unit4 1 Rooms 12 Rooms Description Unit1 Living RoomKitchen Rooms Description Unit2 Kitchen Rooms Description Unit3 Living RoomKitchen Rooms Description Unit4 Living RoomKitchen Rooms Unit1 3 Rooms Unit2 3 Rooms Unit3 2 Rooms Unit4 2

Property Features

Amenities Public TransportationShoppingParkMedical FacilityLaundromat Apod Available Yes Assessments 855700.00 Contingency Type Pending P&S Disclosure No Disclosures BomBuyers Remorse.Offers Due By Wednesday 11/17 Please Give 48 Hour For Response.Seller Reserves The Right To Accept An Offer At Any Time.Buyer And Agent To Preform Own Due Diligence. Fireplaces Currently Decorative Only.Subject To Seller Finding Suitable Housing Or Renting Current Unit Until Then Electric Features Circuit Breakers Expenses Source Tax Return Expenses Year End 12/20 Gross Operating Income 62070 Lead Paint Unknown Lease Unit1 N Lease Unit2 N Lender Owned No Multifamily Type 5+ Family - 5+ Units Side By Side Net Operating Income 62070 Rent Description Unit1 HeatHot Water Rent Description Unit2 HeatHot Water Rent Description Unit3 HeatWaterHot Water Rent Description Unit4 HeatWaterHot Water Rent Unit1 1000 Rent Unit2 1150 Rent Unit3 1150 Rent Unit4 0 Sewage District Sesd Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Disclosures Does Not include 632 Finished Area in Second Building Sq Ft Source Public Record Tax Year 2021 Taxes 11808.66 Terms Seller W/Participate Utility Connections Varies Per Unit Water City/Town Water Year Built Description Approximate Year Built Source Public Record Zoning B1

Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Donna Lambert of Churchill Properties.


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 2021-12-04T15:08:45.987.
 
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Listing courtesy of Donna Lambert of Churchill Properties.