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Key Details
Sold Price $1,700,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,140 sqft
Price per Sqft $276
MLS Listing ID 73210745
Sold Date 05/28/24
Bedrooms 10
Full Baths 6
Year Built 1915
Annual Tax Amount $13,539
Tax Year 2023
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type 5-9 Family
Property Description
Incredible Investment Opportunity: Discover the perfect blend of style and profitability with this remarkable multi-family property on the sought-after Lafayette St in Salem. Featuring a mix of two (2) 1-Bedroom/1-Bathroom units and four (4) 2-Bedroom/1-Bathroom units, this gem boasts stunning hardwood floors throughout and private decks for each unit. Take advantage of the potential for a lucrative portfolio by combining this property with the adjacent 2 (MLS#73210746) and 4 Chase St (MLS#73210747) which would offer 6 parking spaces for this building. Seller pays for heat and hot water and rents are well below market. See attached OM for detailed income/expenses including pro forma numbers.
Location
State MA
County Essex
Zoning R3
Direction Please use GPS
Interior
Interior Features Laundry Room
Heating Hot Water
Flooring Wood
Exterior
Community Features Public Transportation
Roof Type Rubber
Garage No
Building
Lot Description Other
Story 9
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Francesca Little • Little & Co., REALTORS®
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