Turn key triple decker investment gem next to Salem State University, 1 mile to downtown Salem & Commuter Rail, 1/2 mile to schools and a short drive to local amenities. Renovated in 2020 with high efficiency gas heat/ tankless hot water, new plumbing & electrical, new meters, toilets, showers and appliances. Each unit features 3 beds, 1 bath & in-unit laundry with similar layouts and modern kitchens & baths. The building includes generous 2 car parking for each unit in the expansive fenced lot. This is a plug and play investment as an income property or condo conversion. All units rented well below market. Contact list agent for group showing info. **GROUP SHOWING SAT 3/30 2:15-3:00, CONTACT AGENT TO CONFIRM**

Property Details

Price:
$1,250,000
MLS #:
73211392
Status:
Active
Beds:
9
Baths:
3
Address:
237 Jefferson Ave
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
City:
Salem
Listed Date:
Mar 18, 2024
State:
MA
Finished Sq Ft:
3,778
ZIP:
01970
Lot Size:
5,301 sqft / 0.12 acres (approx)
Year Built:
1900

Schools

Elementary School:
Hmls
Middle School:
Collins
High School:
Salem

Interior

Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Bathrooms
3 Full Bathrooms
Cooling
None
Flooring
Tile, Hardwood, Wood, Stone/ Ceramic Tile
Heating
Baseboard, Natural Gas, Unit Control
Laundry Features
Electric Dryer Hookup, Washer Hookup

Exterior

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/ Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T- Station, University
Construction Materials
Frame
Exterior Features
Balcony/ Deck, Balcony, Rain Gutters
Parking Features
Paved Drive, Off Street, Assigned, Paved
Parking Spots
6
Roof
Rubber

Financial

Buyer Agent Compensation
2%
Net Operating Income
$83,524
Tax Year
2024
Taxes
$9,739

Map

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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.,…

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237 Jefferson Ave
Salem, MA