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Listing Details
- $2,299,900
- MLS# 73484686
- Type Multi Unit - Multiple
- Status Active
Listed By
Agency Name: Realty ONE Group Cosmopolitan
Agent Name: The Liu Group
Agency Phone: 781-219-3200
Shown By
Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080
Home Value Estimate
Description
CASH COW! Strong cash-flowing 6-unit multifamily investment opportunity in desirable Salem, MA. The property generates approximately $248,724 in gross annual income and a high NOI, offering an attractive cap rate of approximately 8.5%. Based on typical financing assumptions, projected Year-1 cash flow is approximately $64,000 with a healthy DSCR of about 1.46. The building includes six residential units plus additional income from laundry and storage. Conveniently located near MBTA commuter rail with easy access to Boston and Salems vibrant downtown, waterfront, restaurants, and retail. Excellent opportunity for investors seeking stable income...read more
Features
- 3.0 Stories
- $16,019 Taxes
- Public
- Built in 1915
Gallery
Listed By
Agency Name: Realty ONE Group Cosmopolitan
Agent Name: The Liu Group
Agency Phone: 781-219-3200
Shown By
Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080
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