Investor’s dream! Unlock immense potential with a total of eight 2-bedroom, 1-bath apartments in two separate 4 unit buildings situated on one parcel with 10 parking spaces in a paved lot. Separate electric. Rent includes heat/hot water. Currently, tenants are TAW, offering the chance to maximize returns as rents are currently well below market rates. Constructed in 1960, one building features an updated circuit breaker panel, recent roof replacement (2018) and updated kitchens, while the other one has newer vinyl siding (2020) but needs fuse panel and roof replacement . Insulated replacement windows in both structures, enhancing energy efficiency. Don’t miss out on this potentially lucrative investment opportunity! Group Showings to well-qualified buyers on Saturday, April 27th at 11AM BY APPOINTMENT ONLY!
Property Details
Price:
$1,700,000
MLS #:
73228864
Status:
Pending
Beds:
16
Baths:
8
Address:
1-7 Prince St
Type:
Multi Family
Subtype:
5-9 Family
City:
Salem
Listed Date:
Apr 25, 2024
State:
MA
Finished Sq Ft:
6,656
ZIP:
01970
Lot Size:
9,740 sqft / 0.22 acres (approx)
Year Built:
1960
Schools
Interior
Appliances
Range, Refrigerator
Bathrooms
8 Full Bathrooms
Flooring
Wood, Vinyl
Heating
Baseboard, Oil
Exterior
Community Features
Public Transportation, Shopping, Park
Construction Materials
Frame
Parking Features
Paved Drive, Off Street, Assigned, Paved
Parking Spots
10
Roof
Shingle
Financial
Buyer Agent Compensation
2.0%
Tax Year
2024
Taxes
$12,804
Map
Contact Us
Mortgage Calculator
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CRP: Certified Relocation Professional CRS: Certified Residential Specialist GRI: Graduate of Realtors Institute CBR: Certified Buyers Representative BSBA: Bachelor of Science in Business Administration. Babson College 1979 MBA: Master of Business Administration. Babson College 2002 James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…
More About JamesCourtesy of Armstrong Field Real Estate. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
1-7 Prince St
Salem, MA
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