3 South Shore Road
Salem, NH 03079
$2,400,000
Price
14
Beds
9
Baths
7,674 Sq. Ft.
$313 / Sq. Ft.
7,674
Sq. Ft.
$313
per Sq. Ft.
Description
Excellent location just a few minutes from I93 exit 2 on a large almost two acre lot in a low density single family neighborhood. This 9 unit building on city sewer has a large welcoming back yard, extra land and ample paved parking. Most apartments have been freshly renovated with new kitchens with granite tops and sleek stainless steel appliances, new baths, new or gleaming refinished hardwood flooring, LED lighting, new decks, sliding doors and windows. Each apartment has separate heat and electric...Excellent location just a few minutes from I93 exit 2 on a large almost two acre lot in a low density single family neighborhood. This 9 unit building on city sewer has a large welcoming back yard, extra land and ample paved parking. Most apartments have been freshly renovated with new kitchens with granite tops and sleek stainless steel appliances, new baths, new or gleaming refinished hardwood flooring, LED lighting, new decks, sliding doors and windows. Each apartment has separate heat and electric and produces an 8% capitalization rate. There is a large large U=shape drive and parking area with a total of three curb cuts on 396 feet of road frontage. Principals of selling entity are licensed real state agents.
- Listed by Steve Cotran • RE/MAX Area Real Estate Network LTD
Property Details for 3 South Shore Road
Parking
Driveway, Off Street, On-Site, Parking Spaces 11 - 20, Paved
Water Body TypeLake
Water ViewYes
Waterfront PropertyNo
ZoningAPT 8+Up MDL-01
LISTING UPDATED: 11/30/2024 04:19 AM
Property Details for 3 South Shore Road
| Status | Active |
|---|---|
| MLS # | 5023421 |
| Days on Market | 4 |
| Taxes | $13,322 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1880 |
| Lot Size | 1.80 AC / 78,408 SF |
| County | Rockingham County |
Building Information for 3 South Shore Road
Stories3Residences9Year Built1880Building Size-Lot Size1.80 AC / 78,408 SF
Property Information for 3 South Shore Road
Summary
Location and General Information
- City: Salem
- County: NH-Rockingham
- Directions: I93 Exit 2, East on Pelham, 1st left at light on N Policy to Brookdale to Lake Shore to corner of S Shore and Lakeshore
- Latitude: 42.786961242375732
- Longitude: -71.253379626983659
- Road Frontage: Yes
- Seasonal: No
- State: NH
- Street Designation: Road
- Map: 79
- Zip Code: 03079
Taxes and HOA Information
- Tax Year: 2024
- Taxes TBD: No
Parking
- Garage: No
- Driveway: Paved
Virtual Tour
- Property Panorama Virtual Tour: https://tour.neren.com/3-S-shore-Road-Salem-NH-03079/unbranded
Property
Lot Information
- Block: 0
- Lot: 4433
- Lot - Sqft: 78408.0
- Lot Features: Level
- Lot Size Acres: 1.8
- Road Frontage Length: 396.0
- Square Feet Apx Finished Above Grade: 7674.0
- Square Feet Apx Finished AG Source: Public Records
- Square Feet Apx Finished Below Grade: 0.0
- Square Feet Apx Total: 10958.0
- Square Feet Apx Total Finished: 7674.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished Below Grade: 3284.0
- Square Feet Apx Unfinished BG Source: Public Records
- Water Body Access: No
- Water Body Name: Canobie Lake
Property and Assessments
- Current Use: No
- Property Class: Multi-Family
- Construction Status: Existing
- Flood Zone: No
- Foundation: Concrete, Granite
- PreConstruction: No
- Surveyed: Unknown
- Year Built: 1880
Utilities
- Electric: Circuit Breaker(s)
- Sewer: Public
- Water Source: Private
- Utilities: Cable - Available
- Total Gas Meters: 8
- Total Electric Meters: 10
- Separate Utilities: Yes
- Internet: Internet - Cable
Interior and Exterior Features
Exterior Features
- Construction Materials: Wood Frame, Vinyl Exterior
- Features - Exterior: Balcony, Deck
- Roof: Flat
- Total Ranges: 9
Interior Features
- Appliances: Water Heater – Gas, Water Heater – Off Boiler, Water Heater – Owned, Water Heater–Gas–LP/Bttle
- Basement: Yes
- Basement Access Type: Walkout
- Basement Description: Dirt
- Total Full Baths: 9
- Flooring: Carpet, Hardwood, Laminate, Vinyl Plank
- Heating: Hot Water
- Cooling: None
- Total Refrigerators: 9
- Total Stories: 3
- Total Water Heaters: 1
Multi Family
Income & Expenses Information
- Gross Income: $222,600.00
- Net Income: $183,000.00
Multi-Family Information
- Total Units: 9
- Total 1 BR Units: 4
- Total 2 BR Units: 4
- Total 3+ BR Units: 1
- Total Heat Units: 7
Unit Information
Unit 1
- Unit 1 Style: townhouse
- Unit 1 Baths: 2
- Unit 1 Bedrooms: 3
- Unit 1 Lease Term: Annual
- Unit 1 Level Number: 1 and 2
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Leased
- Unit 1 Rooms: 5
- Unit 1 Rental Amount: $2,800.00
- Unit 1 Tenant Pays: Electric, Heat
- Unit 1 Info: Dishwasher, Heat - Gas, Hot Water, Kitchen Island, Microwave, Range - Gas, Refrigerator
Unit 2
- Unit 2 Baths: 1
- Unit 2 Rooms: 4
- Unit 2 Level Number: 1 and 2
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Bedrooms: 2
- Unit 2 Rental Amount: $2,295.00
- Unit 2 Info: Dishwasher, Heat - Gas, Hot Water, Microwave, Range - Electric, Refrigerator
- Unit 2 Tenant Pays: Electric, Heat
Unit 3
- Unit 3 Baths: 1
- Unit 3 Rooms: 4
- Unit 3 Level Number: 1
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Style: flat
- Unit 3 Bedrooms: 2
- Unit 3 Rental Amount: $2,195.00
- Unit 3 Info: Deck, Microwave, Range - Electric, Refrigerator
- Unit 3 Tenant Pays: Electric, Heat
Unit 4
- Unit 4 Lease Term: Annual
- Unit 4 Rental Amt Freq: Monthly
- Unit 4 Rooms: 4
- Unit 4 Baths: 1
- Unit 4 Bedrooms: 2
- Unit 4 Status: Leased
- Unit 4 Rental Amount: $1,950.00
- Unit 4 Info: Ceiling Fan, Heat - Gas, Range - Electric, Refrigerator
- Unit 4 Tenant Pays: Electric, Heat
Unit 5
- Unit 5 Rental Agreement: No
- Unit 5 Level Number: 3
- Unit 5 Rental Amt Freq: Monthly
- Unit 5 Style: flat
- Unit 5 Baths: 1
- Unit 5 Bedrooms: 1
- Unit 5 Rooms: 2
- Unit 5 Rental Amount: $1,925.00
- Unit 5 Info: Appliances Included, Deck, Dishwasher, Heat, Microwave, Range - Electric, Refrigerator
- Unit 5 Tenant Pays: Electric, Heat
Unit 6
- Unit 6 Lease Term: Annual
- Unit 6 Level Number: 2
- Unit 6 Baths: 1
- Unit 6 Bedrooms: 2
- Unit 6 Rooms: 4
- Unit 6 Rental Amt Freq: Monthly
- Unit 6 Style: flat
- Unit 6 Rental Amount: $2,195.00
- Unit 6 Info: Appliances Included, Deck, Dishwasher, Heat, Heat - Gas, Hot Water, Microwave, Range - Electric, Refrigerator
- Unit 6 Tenant Pays: Electric, Heat
Unit 7
- Unit 7 Bedrooms: 1
- Unit 7 Rooms: 3
- Unit 7 Baths: 1
- Unit 7 Rental Agreement: Yes
- Unit 7 Lease Term: Annual
- Unit 7 Rental Amt Freq: Monthly
- Unit 7 Status: Leased
- Unit 7 Rental Amount: $1,925.00
- Unit 7 Info: Deck, Dishwasher, Heat - Gas, Hot Water, Microwave, Range - Gas, Refrigerator
- Unit 7 Tenant Pays: Electric, Heat
Unit 8
- Unit 8 Baths: 1
- Unit 8 Rental Amount: $1,925.00
- Unit 8 Rental Agreement: No
- Unit 8 Lease Term: Annual
- Unit 8 Level Number: 1
- Unit 8 Rental Amt Freq: Monthly
- Unit 8 Style: flat
- Unit 8 Bedrooms: 1
- Unit 8 Rooms: 3
- Unit 8 Info: Deck, Dishwasher, Heat - Gas, Hot Water, Microwave, Range - Gas, Refrigerator
- Unit 8 Tenant Pays: Electric, Heat
Rental
Rent Information
- Total Leases: 4
Property History for 3 South Shore Road
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3 South Shore Road
Taxable ValueLand$177,800Additions$607,600Total$785,400
Tax Record2023$13,320 ($1,110 / month)
Home Facts
Baths9Total Finished SqFt7,674 SqFtAbove Grade Finished SqFt7,674 SqFtUnfinished Basement SqFt3,284 SqFtStories3Lot Size78,408 SqFtStyleMulti-Family Res (5+ Units)Year Built1880ZoningRESCountyROCKINGHAMAPNSLEM M:79 B:4433 L:
Schools near 3 South Shore Road
This home is within Salem School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 13 |
Rating | School | Distance |
|---|---|---|
Mary A. Fisk Elementary School PublicK to 5 | ||
Woodbury School Public6 to 8 | ||
Salem High School Public9 to 13 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of RE/MAX Area Real Estate Network LTD
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/04/2024 04:00 AM
