49 Essex St Salem, MA 01970

Great Investment Opportunity: This versatile 3+ family offers the chance to live in a very large unit and enjoy a good income stream as well; or keep as an investment in an area that commands high rents; or consider the potential for future condominium conversion. Well located in desirable historic Derby Street and waterfront neighborhoods, property is currently being used as 4-units. Buyer to perform own due diligence with respect to permitting for usage. Many unique features including beautiful fireplaces and architectural details have been preserved; wood floors, high ceilings and spacious rooms. Property has 4+ car parking, patio, porches and gardening areas. Limited information available as this is part of an estate; thus many details are approximate. Fully tenanted (most TAW) with below market rents with tenants to remain with sale. Property is in need of significant rehab and being sold in "as is" condition. First showing access to 1 unit and basement to pre-approved buyer.