11 Hancock St, Salem, MA 01970
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$1,199,900
4 Unit
4 Beds
4 Baths
2974 SQFT
0.09 Acre

Property Description

This well-maintained four-family property consists of four 1-bedroom units, perfectly situated near Salem's commuter rail and Salem State University. Each unit features hardwood floors and abundant natural light. The property includes on-site laundry and off-street parking, rare amenities in this sought-after area.Located just minutes from Salem’s historic downtown, with its rich culture, dining, and entertainment options. With stable rental income and significant potential for growth, this property is an investor's dream. The proximity to major transportation and educational hubs ensures consistent demand year-round. Don't miss your chance to own this exceptional investment in one of Salem’s most desirable locations.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 4
  • Total Full Baths: 4
  • Amenities: Golf Course, Laundromat, Medical Facility, Park, Public Transportation, Shopping, Walk/Jog Trails
  • Basement Features: Full, Interior Access
  • Common Rooms: Kitchen, Living Room
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: No
  • Gross Operating Income: 46800
  • Net Operating Income: 46800

Utilities

  • Electric Info: 200 Amps, Circuit Breakers, Individually Metered, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1917
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Shingle, Slate
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73294342
  • Last Updated: 09/28/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/28/2024Active$1,199,900$403MLSPIN
09/24/2024New$1,199,900$403MLSPIN

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Seller's Representative: Herrick Lutts Realty Partners, Herrick Lutts Realty Partners
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-09-28 03:05:00

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