$2,600,000 $13,957 est/mo Sourced by Back At You

2-4 Howard St,Salem, MA 01970

Salem MA, 01970

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Description

The Property contains eleven (11) residential units comprised of two (2), 1-Bedroom/1-Bathroom units, six (6) Studio units, and three (3), 2-Room Studio units. The Property has recently undergone extensive renovations to 10 of the 11 units. The renovated units feature hardwood flooring, granite countertops, white shaker cabinets, and stainless-steel appliances in the kitchens. The bathrooms feature tile flooring and walk-in showers. The property also features new coin-operated laundry machines for the tenants to use. The Landlord is responsible for electricity, heat, hot water, and domestic water and sewer. The Property has a central oil-fired furnace that provides heat and hot water for the units. The opportunity exists to increase rents to market rates in a desirable high demand and supply constrained residential market significantly increasing the income generating potential of the asset.

Details

MLS#73203858
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusPending
Year1800
Days On Site149
Listing Provided ByHorvath & Tremblay | Stephen Girolamo
Buying Commision2%

Features

Bed(s)11
Bath(s) 11 Total
SQ Feet4,368
PoolYes
Story(s)3
Units11
ZoningR2
Acreage0.06
Water FrontYes

Market Activity 01970

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Learn More About This Property

StateMA
CountyEssex
CitySalem
Zip Code01970
AreaEssex
Listing VS Median (in 01970)
Price:
$2,600,000
low | high
Med:
$500,000
100% of Average
SqFt:
4,368
low | high
Med:
1,330
100% of Average
$ / SqFt:
$595
low | high
Med:
$376
86.842105263158% of Average
On Site:
149
low | high
Med:
8.000000
100% of Average
Sourced by Back At You
Listing Updated: June 11, 2024 at 5:11:18 PM PDT