Homes for sale - 10 Howard Street, Salem, MA 01970

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Jim Armstrong

jarmstrong@aluxety.com +1(978) 394-6736

$1,395,000

Est. payment - /mo

15 Beds

7 Baths

5,110 SqFt

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UPDATED:

10/28/2024 05:52 PM

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Pending

Purchase Type For Sale

Square Footage 5,110 sqft

Price per Sqft $272

MLS Listing ID 73240469

Bedrooms 15

Full Baths 7

Year Built 1900

Annual Tax Amount $11,088

Tax Year 2024

Buyer Agency Compensation 2.0%

Lot Size 1,742 Sqft

Acres 0.04

Property Description

Fantastic investment opportunity! Posibility of turning the licensed lodging house into regular apartments (with city approval) or use as short-term rentals (AirBnB) according to city solicitor. It currently offers 15 units with a total of 24 rooms, boasting 4 private baths and 3 common baths. Conveniently situated near the commuter train station and downtown Salem, tenants enjoy easy access to transportation and amenities. With 2 parking spaces, convenience meets practicality. Recently painted and featuring updated cabinetry, this property is turnkey and ready for new ownership as a rooming house. Possibly convert to regular apartments (many rooms have connecting doorways) or condos (city approval required). Newer furnace was put in 2019. Roof reshingled late spring 2021. Floors just completely refinished. Most windows are newer. Don't miss out on this possible lucrative venture! Floor plans online. Gross income is projected and not actual. Buyers to perform due diligence.

Location

State MA

County Essex

Zoning R2

Direction Brown Street to Howard Street.

Rooms

Basement Full, Interior Entry, Bulkhead

Interior

Interior Features Kitchen, Laundry Room, Living Room

Heating Natural Gas

Flooring Wood

Exterior

Community Features Public Transportation, Shopping, T-Station

Waterfront Description Beach Front,1/2 to 1 Mile To Beach

Total Parking Spaces 1

Garage No

Building

Story 11

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by Aluxety

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Jim Armstrong

+1(978) 394-6736

Team Leader/Broker Associate | License ID: 9074205

Team Leader/Broker Associate License ID: 9074205

10 Howard Street Salem, MA 01970

Jim Armstrong

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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10 Howard Street