19-21 Pleasant Street Salem, MA 01970

Rare investment opportunity located at 19-21 Pleasant Street in the Salem Commons District. This 3-story residential building boosts rentable square footage of 5,675 and a total gross square footage of 8,104. 19-21 Pleasant Street presents a nice unit mix of two (2) large one-bedrooms, one (1) two-bedroom, one (1) two-bedroom plus office, and one (1) three-bedroom plus office townhome style. The property features newer gas boiler and hot water tank, updates for electrical with new panels, updated plumbing, apartment renovations (2022/23) to units 19-1 and 19-2, hardwood floors, eat-in kitchens, balconies for each unit, roof (2016/17), coin-op laundry facilities located in the basement. New parking lot (2023) was created behind the property with a total of 10 parking which is rare to find in this location. Rents are below market rates with limited availability around the Salem Commons. Great opportunity to hold as a long term and many different exit strategies due to location.