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Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type 3 Family - 3 Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 3,420 sqft
Price per Sqft $292
MLS Listing ID 73210747
Sold Date 05/14/24
Bedrooms 7
Full Baths 3
Year Built 1915
Annual Tax Amount $7,600
Tax Year 2023
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type 3 Family - 3 Units Up/Down
Property Description
Prime Investment Opportunity in Salem! This meticulously maintained 3-family property has been cared for by the same family for generations. Featuring two (2) 2-Bedroom, 1-Bathroom units and one (1) 3-Bedroom, 1-Bathroom unit, this property offers lucrative investment potential. Eight off street parking spots creates the option for added monthly income. All tenants are responsible for their own heat/hw and electric and rents are well below market value. This property can be sold as a package with 2 Chase st and 199-201 Lafayette st to create a 12 unit portfolio with a total of 12 off street parking spots. See attached for income/expenses and rent projections.
Location
State MA
County Essex
Zoning R3
Direction Please use GPS
Interior
Heating Forced Air, Natural Gas
Exterior
Community Features Public Transportation
Roof Type Shingle
Total Parking Spaces 8
Garage No
Building
Lot Description Other
Story 6
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Johnny Long • PRIVI Realty LLC
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