Overview Property Details Payment Calculator Walkability

Expired

16,18,20R Franklin St, Salem MA 01970

$4,999,999

Estimated $16,440.72/month Calculator

Multi Family

Total Units: 1

Price Per Unit: $4,999,999

Total Rent: 0/year

Estimated CAP Rate: -2.00%

0 Bedrooms

Baths

53,200 SqFt

Total Parking: 57

97,574 SqFt

Spectacular multi unit development opportunity on the North River and across from Metro Salem train station. Water views from all units!! The Residences at 16, 18, 20R Franklin St offer a 37 Unit approved development on 2 plus acres minutes from downtown Salem. 33 Market rat...

This home has been viewed 32 times

Last Checked: May 7th, 2024 at 12:42am (Source: MLS PIN #73013021)

Gross Income: $0

Gross Expenses: $99,999

Net Income Calc: $99,999

CAP Rate: -2.00%

Annual Expenses for 16,18,20R Franklin St, Salem MA 01970

Total Gross Expenses (Calculated)$99,999/year

APOD Available

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$99,999

Annual Income & Unit Breakdown for 16,18,20R Franklin St, Salem MA 01970

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 16,18,20R Franklin St, Salem MA 01970

Listing ID73013021

Property TypeMulti Family / 5+ Family

Price$4,999,999

Style

CitySalem

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total53,200 SqFt

Approximate Lot Size (Acres)2.24 acres

Total Parking57

Garage Parking

Year Built2022

Year Built Source

Year Renovated

Year Built Details

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation Description

Accessible Features

Outdoor Space

ZoningNRCC

Zoning DetailsLegal Non-Conforming

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 16,18,20R Franklin St, Salem MA 01970

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 16,18,20R Franklin St, Salem MA 01970

Real Estate Taxes$99,999

Tax Year9999

Assessed Value

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-2.00%

Location Information for 16,18,20R Franklin St, Salem MA 01970

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area Amenities

Contact Information for 16,18,20R Franklin St, Salem MA 01970

Agent

Name: Christopher Cowhig

MLS ID: CT005907

Office ID: NB4834

National Association ID: 448553832

Address: 445 Mountain Avenue

City: Revere

State: MA

Zip: 02151

Office

Name: Lokos Realty & Management

MLS Office ID: NB4834

Phone: 781-608-3057

Payment Calculator

$39,141.65 per month

30 Years Fixed, 6.75% Interest

Property Taxes $8,333.25

Principal & Interest $30,808.40

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lokos Realty & Management

Christopher Cowhig

Agent Phone

Office Phone

(781) 608-3057

Text Agent Call Agent Call Office

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EXIT