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...
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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