Sold!
$675,000
6
Beds
3
Baths
3,043
Living Area
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Property Description
Investors looking for the best condo conversion project in Salem! Or, Savvy Owner Occupied buyers looking for an incredible house hack, look no further! The project just needs your finishing touches and you have top of the line finished product in a red hot condo market! Recent condo sale comps in the area for finished product are over $500/SF!! Off street parking, proximity to public transit, highways, shopping and business and entertainment, this project checks all the boxes! This is either the most profitable condo conversion a developer will ever have, or the best house hack anyone could ever ask for, don’t miss it! Have the units ready in time for Spring just as rates start rolling back and set a new record for sale price in Salem!
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Highlights
- Parking Spots: 3
- Property Type: 2 Family - 2 Units Up/Down
- Year Built: 1900
- Property Class: Residential Income
- Total Rooms: 14
- Status: Closed
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Additional Details
- Basement: Full, Walk-Out Access, Bulkhead, Unfinished
- Total Number of Units: 2
- Year Built Source: Public Records
- Foundation: Stone
- Year Built Details: Actual
- Zoning: R2
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Amenities
- Parking Features: Paved Drive
- Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $578,300
- Compensation Based On: Gross/Full Sale Price
- Tax Year: 2023
- Buyer Agent Compensation: 2%
- Facilitator Compensation: 1%
- Taxes: $7,235
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