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SOLD 12/29/2016

206 Salem Road, Tewksbury, MA 01876$500,000

7
beds
4
baths
2476
ft2
· 10677
ft2 lot
$202 / ft2

Listing provided courtesy of Listing Broker: Kyle Vogt, William Raveis R.E. & Home Services
Source MLS PIN;
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Investors take notice of this rare opportunity to purchase a clean 4-unit property in a great location. The building was renovated in 2000, including new windows, heating systems, siding, and electrical panels. The roof and hot water heaters are recent. All 4 units have hardwired smoke detectors that are monitored by a professional security company. There are three 2 bedroom units on the first floor, and a 1 bedroom unit on the second floor. Fully tenanted, the property should gross over $50k/year, with approximately $15k in expenses. Plenty of off-street parking. A great opportunity!

HOA

$—/month

On market

11 days

Year built

1925

Property type

4 Family

Parking

8

MLS

72089760

Price / Sq.Ft.

$202 / ft2

Status

Sold

Home details for 206 Salem Road

Interior Features & Layout
Rooms Info
•   
Additional Rooms: Living Room, Kitchen, Laundry, Living Room, Dining Room, Kitchen, Laundry, Living Room, Kitchen, Laundry, Living Room, Dining Room, Kitchen, Laundry
•   
Total Levels: 2, 5, 4
•   
Total Levels Unit 1: 1, 1
•   
Total Levels Unit 2: 1, 1
•   
Total Levels Unit 3: 1, 1
•   
Total Levels Unit 4: 1
•   
Total Rooms Unit 1: 5
•   
Total Rooms Unit 2: 5
•   
Total Rooms Unit 3: 4
•   
Total Rooms Unit 4: 4
•   
Total Rooms: 18, 18, 18
Interior Features
•   
Electric Details: Circuit Breakers
•   
Utility Description: Water, Water, Water, Water
•   
Energy Details: Insulated Windows
Heating & Cooling
•   
Heating Description Unit4: Electric Baseboard, Unit Control
•   
Heating Units: 4
•   
Cooling Description Unit 4: Window AC
•   
Heating Description Unit 1: Hot Water Baseboard, Gas, Individual
•   
Cooling Descr 1: Window AC
•   
Cooling Descr 2: Window AC
•   
Cooling Descr 3: Window AC
•   
Heating Zones: 4
•   
Heating Description Unit2: Hot Water Baseboard, Gas, Individual
•   
Heating Description Unit3: Hot Water Baseboard, Gas
Appliances
•   
Hot Water: Natural Gas, Tank
•   
Unit 4 Appliances: Range, Refrigerator
•   
Unit 3 Appliances: Range, Refrigerator
•   
Unit 2 Appliances: Range, Refrigerator
•   
Unit 1 Appliances: Range, Refrigerator
Flooring
•   
Unit 4 Floor Level: 2
•   
Flooring: Tile, Wall to Wall Carpet, Varies Per Unit, Laminate
Bedrooms Info
•   
Total Beds: 7
•   
Unit 4 Beds: 1
•   
Unit 3 Beds: 2
•   
Unit 2 Beds: 2
•   
Unit 1 Beds: 2
Bathrooms Info
•   
Full Baths: 4, 4
•   
Unit 4 Full Baths: 1
•   
Unit 3 Full Baths: 1
•   
Unit 2 Full Baths: 1
•   
Unit 1 Full Baths: 1
Property, Lot, Community & Exterior Features
Community Info
•   
Total Units In Complex: 4
Exterior Features
•   
Color: White
•   
Building Exterior Details: Vinyl, Brick, Porch, Patio, Gutters
Property Type
•   
Property Type: 4 Family
•   
Mls Prop Type: 4 Family
•   
Mls Property Type: Multi-family
Community Features
•   
Area Amenities: Public Transportation, Shopping, Park, Highway Access
Lot Info
•   
Zoning: RG
•   
Year Round
•   
Lot Description: Paved Drive, Shared Drive, Level
•   
Acres: 0.25
Building Info
•   
Sqft Source: Public Record
•   
Square Ft. Disclosure: Per Assessor's card
•   
Foundation: Irregular
•   
Roof: Asphalt/Fiberglass Shingles
•   
Year Built Description: Renovated Since
•   
Lead Paint: Unknown
•   
Year Built Source: Public Record
•   
Construction Materials: Frame, Brick
Basement Info
•   
Basement
•   
Basement Details: Full, Bulkhead, Unfinished Basement
Parking Info
•   
Parking Descriptions: Off-Street, Common, Paved Driveway
Utilities & Other Information
Water & Sewer Info
•   
Water Source: City/Town Water
•   
Sewer: 3123, City/Town Sewer
Utilities
•   
Utilities: for Electric Range, for Electric Dryer, Washer Hookup
Other
•   
Uffi: Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Insurance Expenses: 2890
•   
Fin Code: Conv Unins
•   
Finances Source: Estimated, Owner Provided
•   
Apod Available
Listing Info
•   
Offline Listing Number: 2386507
•   
Oh Flag: 1
•   
Status: Sold
Lease Info
•   
Gross Revenue: 6493
•   
Gross Income: 48600
•   
Net Operating Income: 42107
•   
Monthly Rent Unit 1: 850
•   
Monthly Rent Unit 2: 1200
•   
Monthly Rent Unit 3: 1200
•   
Monthly Rent Unit 4: 800
•   
Total Rent: 4050
Listing Details
•   
Disclosures: 2 common parking spaces per unit. Basement access through bulkhead. Newer roof. Windows/heating systems/siding/electrical panels replaced in 2000. Hardwired smokes professionally monitored.
Tax/Assessment Info
•   
Tax Year: 2016
•   
Assessed Value: 396100.00
•   
Taxes: 6661.40
Listing Contacts
•   
Selling Agent: TM315370
School Neighborhood & Directions
Location
•   
Street Number: 206
•   
Map Book: 185
•   
Block: 22
•   
Map Page: 79
•   
Directions: Salem St. in Wilmington to Salem Rd. in Tewksbury, or Rt 38 (Main St, Tewksbury) to Salem Rd.
•   
Road Type: Public, Paved, Publicly Maint.
•   
Map: 105
Other
Other
•   
Main So: AN2314
Calculation
•   
Price Per Sqft: 201.94
•   
List Price Per Sqft: 212.00
•   
Sold Price Per Sqft: 201.94
•   
Cdom Property: 11
•   
Cdom Broker: 11
•   
Cdom: 11

Neighborhood snapshot

34
Properties for sale
17
Median days on market
$311.10
Median sold price/sqft
106.27%
Sold/List %
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Property History for 206 Salem Road

12/29/2016
12/29/2016
Public Record
sold
Public Record
$500,000
+25.00%
12/26/2002
12/26/2002
Public Record
sold
Public Record
$400,000
+142.42%
12/11/1998
12/11/1998
Public Record
sold
Public Record
$165,000

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