Adding to the rental portfolio? Or maybe looking to get started? Look no further than 3 Hazel Street. Unit 1 and 2 offer flexible configuration and can be used as 1 or 2 bedroom units, each with 1 bathroom. Unit 3 is a charming 1 bed 1 bath unit. Unit 1 has had a recent renovation including new kitchen, refinished floors, and installation of a mini-split system offering heating and cooling. All units have separate electric and gas utilities. Still room for value-add by increasing rents, by doing cosmetic updates, and adding in-building laundry. This 3-family is nicely situated between Salem State University and Downtown, and will be in close proximity to the proposed South Salem Station. Salem and surrounding towns offer great amenities such as beaches, golf courses, restaurants, shops, and nature trails. A great long term play, 3 Hazel St will be a great investment!
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Last Updated: November 6th, 2024 at 8:13am
Walk/jog Trails
Laundromat
Public Transportation
T-station
University
General Information for 3 Hazel St, Salem, Massachusetts 01970
Property TypeResidential Income
Property Sub TypeMulti Family
Price$875,000
Price per sqft$425.58
MLS #73306955
Handicap Access / FeaturesNo
List Date2024-10-28
Special Listing ConditionsNo
StateMassachusetts
Street NameHazel St
CitySalem
Zip Code01970
CountyEssex
MLS Status
Covered Parking Spaces0
Heating Y/NYes
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total2056
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress3 Hazel St, Salem MA 01970
Zoning
Interior Features for 3 Hazel St, Salem, Massachusetts 01970
* Approx. Living Area Total2,056 sq ft
Living Area Includes BasementNo
Bedrooms5
* # Fireplaces0
Bathrooms (Total)3
Full Baths3
* # Half Baths0
* # Rooms
Basement
Heating System
AppliancesNo
Electric
Living Area DisclosureMeasurements come from Public Record, not owner or
Living Area Includes BasementNo
Door FeaturesNo
ElectricYes
Electric$0
MLS Area (Major)
MLSPIN_BEDRMS_11
MLSPIN_BEDRMS_22
MLSPIN_BEDRMS_31
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_31
MLSPIN_F_BTHS_4
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_4
OffMarketDate
Exterior Features for 3 Hazel St, Salem, Massachusetts 01970
* Approximate Lot Size0.04 acres
Covered Parking Spaces0
Lot FeaturesEasements
* Parking Spaces0
* Sewer Utilities
* Water Utilities
* Year Built1915
Year Built Details
Year Built SourcePublic Records
Construction MaterialsNo
Exterior Features
Foundation Area
Foundation MaterialsStone
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)1,673 Sqft
Disclosures for 3 Hazel St, Salem, Massachusetts 01970
Buyer Agent Compensation
Contingency
FinancingNo
Disclosures
Documents AvailableNo
Exclusions
MLSPIN_COMP_BASED_ONCompensation Offered But Not In Mls
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREY
Lead PaintYes,Certified Treated
Living Area DisclosureMeasurements come from Public Record, not owner or
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 3 Hazel St, Salem, Massachusetts 01970
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceNo
Gross Income$54,300
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_31
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT11800
MLSPIN_RENT21750
MLSPIN_RENT3975
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$54,300
OperatingExpense$0
OriginalListPrice$875,000
RENT_FEE_INCLUDESUnit 1(water), Unit 2(water), Unit 3(water)
TOTAL_RENT4525
WaterSewerExpense$0
Lifestyle Information for 3 Hazel St, Salem, Massachusetts 01970
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool FeaturesNo
Waterfront FeaturesNo
Location information for 3 Hazel St, Salem, Massachusetts 01970
Elementary School
Middle School
High School
NumberOfUnitsTotal3
Marketing History for 3 Hazel St, Salem, Massachusetts 01970
MLSPIN_MARKET_TIME_BROKER8
MLSPIN_MARKET_TIME_PROPERTY8
PurchaseContractDate
Agent Information for 3 Hazel St, Salem, Massachusetts 01970