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101 Ocean Ave
Salem, MA 01970

$1,100,000

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Listing Details

  • $1,100,000
  • MLS# 73491641
  • Type Multi Unit - Multiple
  • Status Active
  • 6
    Bedrooms
  • 4 full
    Bathrooms
  • 4,394
    Square Feet
  • 0.107 acres
    Lot Size
  • 1930
    Year Built

Listed By

Agency Name: Block Realty
Agency Phone: 617-505-3324
Agent Name: AD Advisors Team

Shown By

Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080

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Home Value Estimate


Description

Cash Buyer Opportunity or renovation loan ?? Exceptional income-producing four-unit asset with strong upside potential. Two units have been fully renovated and are currently leased, offering immediate, stable income. A third unit features a long-term tenant and presents a clear value-add opportunity, with the potential to be easily converted from a one-bedroom into a two-bedroom. 4TH UNIT REQUIRES A FULL RENO AND IS UNINHABITABLE SO PLEASE CHECK WITH YOUR LENDER ON FINANCING. A compelling opportunity for investors seeking both cash flow and future appreciation. This property sits right off of Canal street with plenty of commercial and restaurants...read more

Features

  • Vinyl
  • Laminate
  • 4.0 Stories
  • $11,051 Taxes
  • Public
  • Built in 1930

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