Listing Details
- $1,999,000
- MLS# 73575709
- Type Multi Unit - Multiple
- Status Active
Listed By
Agency Name: Realty ONE Group Cosmopolitan
Agent Name: Elsa Liu
Agency Phone: 781-219-3200
Shown By
Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080
Home Value Estimate
Description
NEW PRICE!!! 9.81% CAP RATE | $250K+ GROSS INCOME | $196K+ NOI | 6 UNITS / 20 BEDROOMS! Exceptional opportunity to acquire a strong cash-flowing 6-unit multifamily in desirable Salem. Featuring an attractive unit mix of two spacious 4-bedroom units and four 3-bedroom units, the property generates approximately $250K in gross annual income with an estimated $196K NOI. Additional income from on-site laundry and storage, with further upside through future rent optimization and operational efficiencies. Convenient access to Boston via MBTA Commuter Rail and close to Salems vibrant downtown, waterfront, restaurants, shopping, and entertainment....read more
Features
- 3.0 Stories
- $18,974 Taxes
- Public
- Built in 1915
Gallery
Listed By
Agency Name: Realty ONE Group Cosmopolitan
Agent Name: Elsa Liu
Agency Phone: 781-219-3200
Shown By
Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080
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