Main Content
- Status Sold
- Property Type Multi-family
- Sold Date July 21 2018
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Represented Seller
- Mortgage Calculator
About This Property
Well maintained 3 Unit in very desirable location. Located just a few blocks from Salem State University and approx 1 mile to downtown Salem right off of Lafayette Street. Walk to park and beach. ***Gross rents listed in here are PROJECTED not actual*** Owners occupy 1st and 2nd floor units. First Floor Unit is 2 bed, 1 bath will be delivered vacant; Second Floor unit is 2 bed, 1 bath will also be delivered vacant, and Third Floor Unit is 1 bed that is currently rented for $1,300 and is TAW. Roof less than 6 years old. Hot Water Heater was installed in 2014. Tenants pay their own gas electric. Separate utilities. Quiet dead-end location. Off-street parking for 4 cars. Projected Gross Rent Roll $60,000/year. See attached for income and expense breakdown. Excellent opportunity for investor, condo conversion (can be delivered vacant) or live in one unit and rent out the other two units.
