2 Forest Rd

5,200 Sq. Ft.
$87 / Sq. Ft.
5,200
Sq. Ft.
$87
per Sq. Ft.

Description

Great location! Two huge buildings, attached, on large corner lot, with maximum exposure to Route 1. Property needs work, but is fully occupied. Separate utilities with plenty of parking. Below market rents grossing over $50,000 a year. One 5rm/3bdrm unit. Three 4rm/2bdrm. One 2rm/1bdrm unit. All occupants are TAW. Manage as is or expand. Buyers are responsible for all due diligence pertaining to additional development.Great location! Two huge buildings, attached, on large corner lot, with maximum exposure to Route 1. Property needs work, but is fully occupied. Separate utilities with plenty of parking. Below market rents grossing over $50,000 a year. One 5rm/3bdrm unit. Three 4rm/2bdrm. One 2rm/1bdrm unit. All occupants are TAW. Manage as is or expand. Buyers are responsible for all due diligence pertaining to additional development.
  1. Listed by Raymond R. Clements • Investment Property Advisors

Property Details for 2 Forest Road

Town
Salisbury
Area
MA-Salisbury
Garage Spaces
0
Open Parking Spaces
10.00
Parking Spaces Total
10
LISTING CLOSED: 06/30/2016 12:00 AM

Property Details for 2 Forest Road

StatusSold
MLS #71943491
Days on Market129
Taxes$3,942 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1910
CountyEssex County

Location

Listing Courtesy of Investment Property Advisors, Raymond R. Clements

Sold By Bentley's, Jill Mandragouras

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Building Information for 2 Forest Road

Stories3Residences5Year Built1910Building Size-Lot Size0.50 AC / 21,750 SF

Payment Calculator

$2,616 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,287

Property Taxes

$329

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2 Forest Road

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Conv. Fixed
  • Living Area: 5200.0
  • Total Units: 5
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
Exterior Features
  • Construction: Frame
  • Lot Description: Corner Lot
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
Tax Information
  • Tax ID: 2144642
  • Assessments: $335,500
  • Book: 5
  • Tax Year: 2015
  • Zoning: Commercial
Building / Association Information
Living Characteristics
  • Beds Total: 10
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Granite
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $50,700.00
  • Insurance: $2,732.00
  • GRE: $10,685
  • MSE: $2,535
  • NOI: $40,000.00
  • Operating Expense: $10,685.00
  • WSE: $1,500.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 2
Rental Info
Rental Info
  • Total Actual Rent: $4,225.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 2

Property History for 2 Forest Road

DateEvent & SourcePriceAppreciation
Jun 30, 2016

Sold (Public Record)

Public Record #574394705

$450,000

+5.2% / yr

Jun 30, 2016

Sold

MLS PIN #71943491

$450,000
Apr 24, 2016

Under Agreement

MLS PIN #71943491

DateEvent & SourcePrice
06/30/2016

Sold (Public Record)

Public Record #574394705

$450,000

+5.2% / yr

06/30/2016

Sold

MLS PIN #71943491

$450,000
04/24/2016

Under Agreement

MLS PIN #71943491

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2 Forest Road

Taxable ValueLand$165,500Additions$411,900Total$577,400
Tax Record2025$5,820 ($485 / month)
Home Facts
Baths5Total Finished SqFt4,748 SqFtAbove Grade Finished SqFt4,748 SqFtUnfinished Basement SqFt1,935 SqFtStories3Lot Size21,784 SqFtStyleMulti-Family Res (5+ Units)Year Built1910Year Renovated1917ZoningLM-DCountyESSEXAPNSALI M: 5 P: 72

Schools near 2 Forest Road

This home is within Triton School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Salisbury Elementary School
PublicPK to 6

Triton Regional Middle School
Public7 to 8

Triton Regional High School
Public9 to 12

Newbury Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Investment Property Advisors, Raymond R. Clements

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its 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.