Brought to you by: Pam Cote & Associates - RE/MAX Advantage
100 Cummings Center
Beverly, MA 01915

(978) 808-9345   (978) 882-4491
Website: http://www.pamcote.com
Email: pam@pamcote.com


 
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Prepared for : May-31-2020 08:30:29 am

17 Hazel St
Salem, MA. 01970
MLS # 72638987
Multi-Family 2 Family White  
Status Contingent
County Essex
Directions Lafayette St To Laurel St And Right Onto Hazel
List Price $589,000 Days on Market  
List Date   # Units 2
Sale Price   # Floors  
Sold Date   Rooms 10
Assessed Value $352,600 Bedrooms 6
Gross Living Area 2,424SF Full Baths  
Lot Size 4,356SF Half Baths  
Taxes $5,324.00 Fireplaces  
Tax Year 2020 Basement Yes
Zoning R2 Waterfront No
Est. Street Front 42 ft. Beach Nearby Yes
Year Built 1914 Parking Spaces 0
    Garage Spaces 0
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Total Price $
Down Payment $
Principal $
Interest %
Period (years)
Monthly Payment $
Monthly Taxes $

Excellent Investor or Home Owner Opportunity! Large, de-leaded Two-family with level back yard. Each unit has: 3 bedrooms, full bath, eat-in kitchen, laundry room w/ washer and dryer, living room; separate heat, hot water and electrical systems. Recent updates: new rubber roof, repointed chimney, rebuilt front and back porches, updated kitchens with granite counters, insulated replacement windows, new kitchen floor #2, hardwood floors just sanded and refinished. Both units are vacant, freshly painted and rent ready. Rent was about $2,200 per unit. Expected rent is $2,400 per unit, Cap Rate 7.1%, return on cash 8.7% at 25% downpayment. Showings limited to small buyer groups to maintain CDC's 6 feet of separation. Please no children. Bring gloves and sanitizer. Virtual Tours: 360 degree photos: https://bit.ly/2wyAZ9D ; Video https://vimeo.com/401918009/353627aadf


Amenities : Public Transportation, Shopping, Public School, T-Station, University
Basement : Full, Interior Access, Bulkhead, Concrete Floor, Unfinished Basement
Beach : 1 to 2 Mile mi., Harbor (Public)
Construction : Frame
Electricity : Circuit Breakers, 100 Amps
Energy : Insulated Windows
Exterior : Aluminum
Exterior Feat. : Porch, Gutters
Flooring : Wood, Vinyl
Foundation : Granite
Foundation Size : 46x28
Heating Zones : 2
Hot Water : Natural Gas
Lead Paint : Certified Treated
Lot : Sloping
Road : Public, Paved, Publicly Maint., Sidewalk
Roof : Rubber
Sewer / Water : City/Town Sewer, City/Town Water
Warranty : No

Unit 1 : Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Vent Hood; Bedrooms: 3; Cooling: None; Floor: 1; Full Baths: 1; Heating: Forced Air, Gas; Interior: Ceiling Fans, Lead Certification Available, Stone/Granite/Solid Counters, Hardwood Floors, Bathroom With Tub & Shower; Lease: No; Levels: 1; Rent: 2200; Rent Includes: Water; Rooms: 5; Rooms Desc.: Living Room, Kitchen, Laundry
Unit 2 : Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Vent Hood; Bedrooms: 3; Floor: 2; Full Baths: 1; Heating: Forced Air, Gas; Interior: Ceiling Fans, Lead Certification Available, Balcony/Deck, Stone/Granite/Solid Counters, Hardwood Floors, Bathroom With Tub & Shower; Lease: No; Levels: 1; Rent: 2100; Rent Includes: Water; Rooms: 5; Rooms Desc.: Living Room, Kitchen, Laundry

Electricity : $147
Expenses Source : Owner Provided
Expenses Year End : 12/19
Gross Expenses : $6,721
Gross Oper. Income : $51,660
Insurance : $1,300
Net Oper. Income : $46,079
Refuse Removal : $432
Repairs & Maint. : $2,605
Water : $2,237

APOD Available? : Yes
Adult Community : No
Anticipated Sale Date : 07/15/2020
Deed : Book: 27534, Page: 465
Foreclosure : No
GLA Source : Public Record
Living Area Disclosures : 1, 212 sf on first floor and 1, 212 sf on second floor per assessor
Seller Disclosure Doc : No
Short Sale : No
Year Built Desc. : Actual
Year Built Source : Public Record


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