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198 Loring Ave

Salem, MA 01970
  • $569,900
  • STATUS: Active
  • MLS #: 72898782
Price Reduced
UPDATED: 60 min ago
$569,900
  • 3
    BEDS
  • 0.17
    ACRES
  • 1
    BATHS
  • 2
    1/2 BATHS
  • 2,432
    SQFT
  • $234
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Listing courtesy of Michael Shea of Shea Real Estate.

Description

Looking for RENTAL INCOME? Then 198 Loring Avenue is a must see! This unique mixed use property features a three bedroom, 1 1/2 residential apartment with plenty of living space, a private backyard, and off-street parking. The lower level of the building is a leased commercial office with a highly visible signage location. BOTH units are currently rented to the same tenant. The property is conveniently located near Vinnin square, Salem State University, the MBTA train station, as well as many parks, beaches, museums and restaurants. Do not miss your chance to explore this amazing property - Group showing Sunday November 28th from 12-1PM

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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 2021-11-28T09:07:29.93.
www.parrottrealtygroup.com/homes/121677408
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198 Loring Ave Salem, MA 01970

  • Price: $569,900
  • Status: Active
  • On Site: Days
  • Updated: 60 min ago
  • MLS #: 72898782
3
Beds
1
Baths
2
½ Baths
0.17
Acres
2,432
SQFT
$234
$/SQFT
1900
Built
Neighborhood:
Other
County:
Essex
Area:
Other
Property Description
Looking for RENTAL INCOME? Then 198 Loring Avenue is a must see! This unique mixed use property features a three bedroom, 1 1/2 residential apartment with plenty of living space, a private backyard, and off-street parking. The lower level of the building is a leased commercial office with a highly visible signage location. BOTH units are currently rented to the same tenant. The property is conveniently located near Vinnin square, Salem State University, the MBTA train station, as well as many parks, beaches, museums and restaurants. Do not miss your chance to explore this amazing property - Group showing Sunday November 28th from 12-1PM
Exterior Features

Beach Description Ocean Beach Miles To 1/2 To 1 Mile Beach Ownership Public Beachfront Yes Construction Frame Exterior Aluminum Exterior Features PorchDeck - WoodStorage Shed Foundation Fieldstone Lot Description CornerPaved DriveLevel Parking Features Off-StreetOn Street PermitImproved Driveway Parking Spaces 4 Road Type Public Roof Material Asphalt/Fiberglass Shingles Waterfront Flag No Waterview Flag No

Interior Features

Appliances Unit1 RangeDishwasherDisposalMicrowaveRefrigeratorWasherDryer Basement Yes Basement Features Full Bedrooms Unit1 3 Bedrooms Unit2 0 Cooling Unit1 Window Ac Cooling Unit2 Ductless Mini-Split System Cooling Units 1 Cooling Zones 1 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Flooring Wall To Wall CarpetHardwood Floors Unit1 1 Floors Unit2 0 Full Baths Unit1 1 Full Baths Unit2 0 Half Baths Unit1 1 Half Baths Unit2 1 Heat Units 2 Heat Zones 3 Heating Unit1 Hot Water BaseboardGas Heating Unit2 Ductless Mini-Split System Interior Features Unit1 Walk-Up AtticCable Tv AvailableHardwood Floors Interior Features Unit2 Open Floor PlanWall To Wall Carpet Levels 3 Levels Unit1 2 Levels Unit2 1 Rooms 9 Rooms Description Unit1 Living RoomDining RoomKitchenLaundrySunroom Rooms Description Unit2 Office/Den Rooms Unit1 6 Rooms Unit2 3

Property Features

Amenities Public TransportationShoppingTennis CourtParkWalk/Jog TrailsGolf CourseMedical FacilityLaundromatConservation AreaHighway AccessHouse Of WorshipMarinaPrivate SchoolPublic SchoolT-StationUniversity Apod Available No Assessments 433300.00 Disclosure No Disclosures Home Has A Legal Commercial Office Space On The Basement Level Street Side. Current Allowed Use is "General Office Space." To Change The Use There Would Need To Be A Special Permit issued By The City Of Salem. Gross Operating Income 48000 Lead Paint Unknown Lease Unit1 Y Lease Unit2 Y Lender Owned No Multifamily Type 2 Family - 2 Units Up/Down Net Operating Income 48000 Rent Description Unit1 Water Rent Description Unit2 Water Rent Unit1 2700 Rent Unit2 1300 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Disclosures Basement is Finished Commercial/Office Space Not Accessible From Residential Unit. Sq Ft Source Public Record Tax Year 2021 Taxes 5979.54 Utility Connections For Electric OvenWasher Hookup Water City/Town Water Year Built Description Approximate Year Built Source Public Record Zoning R1

Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Michael Shea of Shea 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 2021-11-28T09:07:29.93.
 
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Listing courtesy of Michael Shea of Shea Real Estate.