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Sold

2 Essex St

2 Essex St, Salem, MA 01970
$1,050,000

Property Summary

  • 5 Beds
  • 6 Baths
  • 5,608 Sq.Ft. Living area
  • 2,692 Sq.Ft. Lot

Exceptional investment opportunity. 6 unit multi family building in the heart of Salem. The iconic home to Ziggy's Donuts, offered for the first time in 57 years, is available for investors, developers and individuals seeking the advantages of fixed income properties. Own within walking distance of Salem Willows, Salem Harbor, Historic Downtown, Winter Island, shops, beaches, trains, restaurants and parks. The building features replacement windows, vinyl siding and newer gas water heaters. Comprised of 5 one bedroom, one bathroom units and one commercial unit, walk up attic and full basement. All units have individual utility meters. Rents are well below market value due to long term tenants. The attic is an oversized, dormered room with water views and opportunities for expansion. Interior photos are of unit 1 which is currently vacant. All units are similar in size and layout with slight variation. Ziggy's Donuts operates out of grandfathered commercial space on 1st floor.

Features & Amenities

Interior

Total Bedrooms 5
Total Bathrooms 6
Full Bathrooms 5
Half Bathrooms 1
Flooring Wood, Vinyl, Carpet
Appliances Unit 2(Range,Dishwasher,Refrigerator), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator), Utility Connections for Electric Range
Other Interior Features Unit 1 Rooms(Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen), Unit 4 Rooms(Living Room, Kitchen)

Area & Lot

Status Sold
Living area 5,608 Sq.Ft.
Lot Size 2,692 Sq.Ft.
MLS® ID 73003787
Type: Multi-Family
Year Built 1860
Water Frontage Beach Front, Harbor, Sound, 0 to 1/10 Mile To Beach, Beach Ownership(Public)

Exterior

Stories 9
Water Source Public, Individual Meter
Utilites for Electric Range
Roof Shingle
Lot Features Corner Lot
Heat type Unit 1(Forced Air, Gas), Unit 2(Electric Baseboard, Electric), Unit 3(Electric Baseboard, Electric), Unit 4(Electric Baseboard, Electric)
Air conditioning Unit 1(Central Air)
Sewer Public Sewer
Substructure Stone, Irregular

Finance

SALES PRICE $1,050,000
REAL ESTATE TAXES $10,616/yr
Zoning R2

Interior

Total Bedrooms 5
Total Bathrooms 6
Full Bathrooms 5
Half Bathrooms 1
Flooring Wood, Vinyl, Carpet
Appliances Unit 2(Range,Dishwasher,Refrigerator), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator), Utility Connections for Electric Range
Other Interior Features Unit 1 Rooms(Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen), Unit 4 Rooms(Living Room, Kitchen)

Area & Lot

Status Sold
Living area 5,608 Sq.Ft.
Lot Size 2,692 Sq.Ft.
MLS® ID 73003787
Type: Multi-Family
Year Built 1860
Water Frontage Beach Front, Harbor, Sound, 0 to 1/10 Mile To Beach, Beach Ownership(Public)

Exterior

Stories 9
Water Source Public, Individual Meter
Utilites for Electric Range
Roof Shingle
Lot Features Corner Lot
Heat type Unit 1(Forced Air, Gas), Unit 2(Electric Baseboard, Electric), Unit 3(Electric Baseboard, Electric), Unit 4(Electric Baseboard, Electric)
Air conditioning Unit 1(Central Air)
Sewer Public Sewer
Substructure Stone, Irregular

Finance

SALES PRICE $1,050,000
REAL ESTATE TAXES $10,616/yr
Zoning R2

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