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106 N. Policy Street, Salem, NH 03079
$602,000
106 N. Policy Street, Salem, NH 03079View this property at 106 N. Policy Street, Salem, NH 03079
106 N. Policy StreetSalemNH03079
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Property Description
PUT MONEY IN YOUR POCKET WITH THIS SURPRISING RANCH STYLE 3-UNIT PROPERTY IN A NEIGHBORHOOD SETTING! Nice corner lot w driveway off Orchard Terrace provides 6+ car parking & a lovely place to walk around the block. Big side & front yards for gardens or play area. Looks are deceiving- this is a 2662 sq ft house that includes the finished walkout lower level. Lots of updates throughout the building including white kitchens and newer updated baths. The 3 bedroom townhouse unit is vacant and ready for an owner occupant or a new tenant. The 1 and 2 bedroom garden apartments have good long term tenants, 7 years- rents are well below market. No leases, month to month. Architectural shingle roof is 8 years young. New hot water heater. FHW boiler is 7 years young. Heat and hot water are included in all rents. Owner pays electric for the 1 bedroom unit and coin op laundry. 3 stoves and refrigerators included. Public water and sewer. Newer Reeds Ferry shed to store your yard equipment, patio furniture and toys. Super convenient to shopping, schools, Canobie Lake and Exit 2 on Rt.93. Sellers prefer tenants to stay with the house at closing. Disclosures: Lead paint report available. Rental income $62,400/yr is with market rent, not current rent. Per appraiser: 3bdrm $1700-2200, 2bdrm $1600-2000, 1bdrm $1300-1500. Actual expenses: $18,694/yr. Measured sq ft for marketing purpose only, buyer & agent to do own due diligence.
Full Property Details
Full Property Details for 106 N Policy St
General
- Sold For: $602,000
- Taxes: $6,202 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: 4970612
- Added to Site: 227 day(s) ago
Rental Information
- Lease Terms: Unit2=Month to Month, Unit3=Month to Month,
Interior
- Flooring: Carpet, Hardwood, Tile, Vinyl, Vinyl Plank, Wood
Exterior
- Exterior Features: Shed, Windows - Double Pane
- Color: Light gray
Parking
- Parking: Driveway, On-Site, Parking Spaces 6+
Location
- County: Rockingham
- Driving Directions: Main St or Rt 111 to North Policy. On the corner of Orchard Terrace. Easy access from Exit 2 off Rt.93.
School Information
- Middle School: Woodbury School
- High School: Salem High School
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Hot Water
- Heating Fuel: Oil
- Furnaces: 1
- Water Heater: Included, Oil, Owned, Separate
- Water Heaters: 1
Utilities
- Sewer: Public
- Water: Public
- Trash: Dumpster, Owner, Private
- Separate Meters: Varies
- # Electric Meters: 3
Structural Information
- Architectural Style: Ranch
- Construction Status: Existing
- Construction: Wood Frame
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Entrance: Walkout
- Basement Desc.: Partially Finished, Walkout
- Roof: Shingle - Architectural
- Stories/Levels: 2
- Finished Total: 2,313 Sq. Ft.
- Finished Above Grnd: 1,320 Sq. Ft.
- Finished Below Grnd: 993 Sq. Ft.
- Year Built: 1950
Unit Information
- 1 Bedroom Units: 1
- 2 Bedroom Units: 1
- 3 Bedroom Units: 1
- Units w/Refrigerators: 3
- Units w/Range/Oven: 3
Unit 1
- Unit Description: townhouse
- Square Feet: 1128
- Level: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: garden
- Square Feet: 628
- Level: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Unit Description: garden
- Square Feet: 500
- Level: Walkout
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.22
- Lot Size (Sq. Ft.): 9,583
- Frontage: Yes Road Frontage
- Frontage Feet: 105
- Street/Road Desc.: Paved, Public
- Driveway/Sidewalk: Paved
- Zoning: Res
- Lot Description: Corner
Financial Considerations
- Price Per Sq. Ft.: $443.18
- Assessment Year: 2022
- Assessment Amount: $386,400
- Tax Amount: $6,202
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Documents Avail.: Deed, Property Disclosure, Tax Map
- Block: 3340
Listed by Leading Edge Real Estate, Cheryl Foster
Sold by BHHS Verani Londonderry, John. Janigian
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Schools
Schools serving 106 N Policy St
School District:Salem School District
Rating | Name | Grades | Distance |
---|---|---|---|
14 Main St, Salem, NH 03079 | PK-5 | 1 mi | |
206 Main St, Salem, NH 03079 | 6-8 | 1.7 mi | |
44 Geremonty Dr, Salem, NH 03079 | 9-12 | 1.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 106 N Policy St
Date
Details
Price
Change
Source
11/02/2023
Sold
$602,000
2.91%
MLS
9/19/2023
Listed
$585,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
106 N. Policy Street, Salem, NH 03079 (MLS# 4970612) is a Multi-Family property that was sold at $602,000 on November 02, 2023. Want to learn more about 106 N. Policy Street? Do you have questions about finding other Multi-Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.