127 Canal Street
127 Canal Street
$795,000
12
5
6,246
6,246
$127
Sold 3/29/16
Description
This is a rare opportunity to purchase a four unit multi-family apartment complex located a few blocks from Salem State University (with over 9,000 Students) making it a highly marketable leasing area, especially to Students. This property also has the possibility to be a Condo-Conversion Project. The owner already has the condo documents for the four units surveyed and available. There are two buildings on the property – one is a three family house (each with 3 bedrooms and 1 bath) and the other...This is a rare opportunity to purchase a four unit multi-family apartment complex located a few blocks from Salem State University (with over 9,000 Students) making it a highly marketable leasing area, especially to Students. This property also has the possibility to be a Condo-Conversion Project. The owner already has the condo documents for the four units surveyed and available. There are two buildings on the property – one is a three family house (each with 3 bedrooms and 1 bath) and the other is a converted two-story free standing house (with three bedrooms and 1 ½ baths). These large three bedroom units have an open floor plan. This property has a full basement with washer dryer hookup and space for a workshop/studio plus plumbing for a bathroom. All the units are separately metered. The floors are a mix of hardwood, tile and linoleum. The site has 10 parking spaces plus an outdoor patio. This is an ideal property for a new or seasoned investor. 9.6% Cap
- Listed by Neil A. Denenberg • Denenberg, Realty
Property Details for 127 Canal Street
Town
Salem
AreaMA-Salem
Garage Spaces0
Parking Spaces10.00
Parking Spaces Total10
Location
LISTING UPDATED: 08/06/2022 06:22 AM
Property Details for 127 Canal Street
Status | Sold |
---|---|
MLS # | 71950338 |
Days on Market | 15 |
Taxes | $6,886 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 4 Family |
Year Built | 1948 |
County | Essex County |
Location
Building Information for 127 Canal Street
Stories6Residences4Year Built1948Building Size-Lot Size0.11 AC / 5,000 SF
Payment Calculator
$4,912 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 127 Canal Street
Property History for 127 Canal Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 127 Canal Street
Taxable ValueLand$177,000Additions$897,000Total$1,074,000
Tax Record2024$12,480 ($1,040 / month)
Home Facts
Lot Size5,001 SqFtStyleMulti-Family Dwelling (2-4)ZoningB4CountyESSEXAPNSALE M:33 L:0104
Schools near 127 Canal 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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