Discover the potential of this oversized 6-family property located at 17-23 Palmer St. Each unit boasts ample space, with four (4) large 3-4 bedroom, 1 bath units, and two (2) spacious 3 bedroom, 1 bath units. With 6-7 off-street parking spots, this property offers convenience and accessibility for both tenants and landlords alike. Landlord is responsible for Heat and some HW. Tenants pay their own electric. Rents are below market. See attached OM for rent roll (including pro forma) and detailed incomes/expenses.

Property Details

Price:
$2,000,000
MLS #:
73215172
Status:
Pending
Beds:
19
Baths:
6
Address:
17-23 Palmer
Type:
Multi Family
Subtype:
5-9 Family
City:
Salem
Listed Date:
Mar 21, 2024
State:
MA
Finished Sq Ft:
7,044
ZIP:
01970
Lot Size:
7,052 sqft / 0.16 acres (approx)
Year Built:
1915

Schools

Interior

Bathrooms
6 Full Bathrooms
Heating
Hot Water, Natural Gas

Exterior

Parking Features
Off Street
Parking Spots
6
Roof
Shingle

Financial

Buyer Agent Compensation
2%
Net Operating Income
$88,436
Tax Year
2023
Taxes
$10,657

Map

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby

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 James
17-23 Palmer
Salem, MA