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    198 Loring Ave

    Salem, MA 01970
    • $599,000
    • STATUS: Contingent
    • MLS #: 72726793
    Under Contract
    UPDATED: 16 min ago
    $599,000
    • 3
      BEDS
    • 0.17
      ACRES
    • 1
      BATHS
    • 2
      1/2 BATHS
    • 2,432
      SQFT
    • $246
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Jeanne Lovely of Armstrong Field Real Estate.

    Description

    Great opportunity on Route 1A in South Salem! A Mixed-Use Property with 2 units, residential & commercial! First unit is a 3-bedroom 1 1/2 bath Townhome, The second unit is an office space that includes a reception area, small conference room, 3 desk working area, kitchenette & 1/2 bath. So many ways to use this property! Live upstairs and rent the downstairs office, live upstairs and have your business downstairs or rent both units for rental income. The Townhome has been freshly painted and has hardwood floors throughout. The office is currently rented. The building is deleaded. Heating systems and hot water service were updated in 2018!

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2020-10-31T07:12:36.527.
    www.parrottrealtygroup.com/homes/110048980
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    198 Loring Ave Salem, MA 01970

    • Price: $599,000
    • Status: Contingent
    • Updated: 16 min ago
    • MLS #: 72726793
    3
    Beds
    1
    Baths
    2
    ½ Baths
    0.17
    Acres
    2,432
    SQFT
    $246
    $/SQFT
    1900
    Built
    Neighborhood:
    Other
    County:
    Essex
    Area:
    Other
    Property Description
    Great opportunity on Route 1A in South Salem! A Mixed-Use Property with 2 units, residential & commercial! First unit is a 3-bedroom 1 1/2 bath Townhome, The second unit is an office space that includes a reception area, small conference room, 3 desk working area, kitchenette & 1/2 bath. So many ways to use this property! Live upstairs and rent the downstairs office, live upstairs and have your business downstairs or rent both units for rental income. The Townhome has been freshly painted and has hardwood floors throughout. The office is currently rented. The building is deleaded. Heating systems and hot water service were updated in 2018!
    Exterior Features

    Beach Description HarborOcean Beach Miles To 1 To 2 Mile Beachfront Yes Color White Construction Frame Exterior Vinyl Exterior Features DeckDeck - WoodStorage Shed Foundation Poured Concrete Lot Description CornerPaved DriveEasementsLevel Parking Features Off-Street Parking Spaces 6 Road Type Public Roof Material Asphalt/Fiberglass Shingles Waterfront Flag No Waterview Flag No

    Interior Features

    Appliances Unit2 RangeDishwasherDisposalRefrigerator Basement Yes Basement Features Finished Bedrooms Unit1 0 Bedrooms Unit2 3 Cooling Unit1 Ductless Mini-Split System Cooling Units 2 Energy Features Insulated WindowsInsulated Doors Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Flooring WoodTile Floors Unit1 1 Floors Unit2 2 Full Baths Unit1 0 Full Baths Unit2 1 Half Baths Unit1 1 Half Baths Unit2 1 Heat Units 3 Heat Zones 3 Heating Unit1 Ductless Mini-Split System Heating Unit2 Hot Water BaseboardGas Hot Water TankSeparate Booster Interior Features Unit2 Floored AtticCable Tv AvailableLead Certification AvailableStorageBalcony/DeckTile FloorHardwood FloorsUpgraded CabinetsWalk-In ClosetBathroom With Tub Levels 3 Levels Unit1 1 Levels Unit2 2 Rooms 9 Rooms Description Unit1 Office/Den Rooms Description Unit2 Living RoomDining RoomKitchenLaundry Rooms Unit1 3 Rooms Unit2 6

    Property Features

    Adult Community No Apod Available No Assessments 396900.00 Disclosure No Electric Features 220 VoltsCircuit Breakers Gross Operating Income 45038 Lead Paint NoneCertified Treated Lease Unit1 N Lease Unit2 N Lender Owned No Multifamily Type 2 Family - 2 Units Up/Down Net Operating Income 42600 Rent Description Unit2 Water Rent Unit1 1050 Rent Unit2 2500 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Public Record Tax Year 2020 Taxes 5735.20 UFFI Unknown Warranty No Water City/Town Water Year Built Description Actual Year Built Source Public Record Year Round Yes Zoning R1

    Listing information © 2020 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Jeanne Lovely of Armstrong Field Real Estate.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2020-10-31T07:12:36.527.
     
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    Parrott Realty Group | Keller Williams Gateway Realty
    20 Trafalgar Square
    Nashua NH, 03063
    Listing courtesy of Jeanne Lovely of Armstrong Field Real Estate.