1 Hazel Street

Salem, MA 01970

$685,000
Last Sold Price
5
Beds
4
Baths
1,940 Sq. Ft.
$353 / Sq. Ft.
1,940
Sq. Ft.
$353
per Sq. Ft.

Description

Attention Smart Investors! Turnkey FOUR FAMILY with three one-bedroom units and one studio. One unit is vacant to make it easier to show and also for an owner-occupant buyer if desired. Projected rent for that unit is $1400/month. Heat and hot water are included in the rent (see attached income and expense breakdown). Seperate systems and reap the rewards! Low maintenance required to obtain gross income of $63,210 annually. 1 Hazel offers tenants a very desirable individual unit entrance and a common...Attention Smart Investors! Turnkey FOUR FAMILY with three one-bedroom units and one studio. One unit is vacant to make it easier to show and also for an owner-occupant buyer if desired. Projected rent for that unit is $1400/month. Heat and hot water are included in the rent (see attached income and expense breakdown). Seperate systems and reap the rewards! Low maintenance required to obtain gross income of $63,210 annually. 1 Hazel offers tenants a very desirable individual unit entrance and a common laundry room in the basement. The driveway offers off-street parking for two cars tandem. I Hazel is located within walking distance to Salem State College or downtown Salem and future Canal Street transportation upgrades including bike path. It is also a short drive to Vinnin Square shopping, all desirable reasons for tenants to want to live here. Showings limited to prequalified buyers by appointment.
  1. Listed by John Schwagerl & Scott Twadelle • RCG Properties
  2. Listed by John C. Schwagerl • RCG Properties
  3. Listed by Scott Twadelle • RCG Properties

Property Details for 1 Hazel Street

Town
Salem
Area
MA-Salem
Garage Spaces
0
Parking Spaces
2.00
Parking Spaces Total
2

Location

Listing Courtesy of RCG Properties, John Schwagerl & Scott Twadelle; RCG Properties, John C. Schwagerl; RCG Properties, Scott Twadelle

Sold By RE/MAX Property Shoppe, Inc., Tsakirgis Team

Add your commute
LISTING UPDATED: 08/06/2022 07:29 AM

Property Details for 1 Hazel Street

StatusSold
MLS #72727272
Days on Market35
Taxes$7,131 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family - 4 Units Side by Side
Year Built1915
CountyEssex County

Location

Listing Courtesy of RCG Properties, John Schwagerl & Scott Twadelle; RCG Properties, John C. Schwagerl; RCG Properties, Scott Twadelle

Sold By RE/MAX Property Shoppe, Inc., Tsakirgis Team

Add your commute

Building Information for 1 Hazel Street

Stories6Residences4Year Built1915Building Size-Lot Size0.05 AC / 2,252 SF

Payment Calculator

$4,333 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,738

Property Taxes

$594

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1 Hazel Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Laundromat, Bike Path, Highway Access, Public School, University
  • Current Financing: Conv. Fixed
  • Living Area: 1940.0
  • Color: white
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Gas Water Heater, Utility Connections for Gas Range
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: Deck, Covered Patio/Deck
  • Lot Description: Corner Lot
  • Patio And Porch Features: Deck, Covered
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: 100 Amp Service, Individually Metered
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Surface Type: Paved
Tax Information
  • Tax ID: M:33 L:0290,2134847
  • Assessments: $493,500
  • Book: 36507
  • Tax Year: 2020
  • Zoning: R2
Building / Association Information
Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone, Brick/Mortar
Income / Expenses
  • Electricity: $1,292.00
  • Annual Expenses Source: Owner
  • GOI: $63,210.00
  • Gross Scheduled Income: $2,148.00
  • Insurance: $953.00
  • GRE: $12,700
  • MGF: $3,161
  • RFS: $864
  • RME: $1,500
  • NOI: $50,510.00
  • Operating Expense: $12,700.00
  • WSE: $828.00
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 1
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $5,375.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 2

Property History for 1 Hazel Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1 Hazel Street

Taxable ValueLand$150,900Additions$566,200Total$717,100
Tax Record2024$8,333 ($694 / month)
Home Facts
Baths4Total Finished SqFt1,940 SqFtAbove Grade Finished SqFt1,940 SqFtUnfinished Basement SqFt832 SqFtStories2Lot Size2,252 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningR2CountyESSEXAPNSALE M:33 L:0290

Schools near 1 Hazel Street

This home is within Salem School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - K to 8
Rating
School
Distance
Horace Mann Laboratory
PublicK to 5

Witchcraft Heights Elementary School
PublicK to 5

Carlton Elementary School
PublicK to 5

Saltonstall School
PublicK to 8

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RCG Properties, John Schwagerl & Scott Twadelle; RCG Properties, John C. Schwagerl; RCG Properties, Scott Twadelle

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.