Turnkey 8-unit investment opportunity in Salem. The Property consists of two four-family buildings deeded together, totaling eight (8) 2-bedroom units, along with 10 off-street parking spaces. Heat and hot water are included in rent. The property has been extensively updated, featuring renovated kitchens and baths with granite countertops and stainless steel appliances, updated electrical, a new roof on the Harbor Street building, and new insulation in both attics and walls. Additional highlights include basement storage and a clean, well-maintained condition, making this an ideal opportunity for investors seeking a low-maintenance, stabilized asset with upside through future rent optimization. See attached for the OM with detailed financials.
- Heating System:
- Oil
- Basement:
- Full, Interior Entry
- Parking:
- Off Street
- Construction:
- Frame
- Flooring:
- Wood
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Professionally managed.Tenant responsible for all utilities: gas
- Electric Feature:
- 200+ Amp Service
- Garage Parking
- Lead Paint:
- Unknown
- Rent Fee Includes:
- Unit 2(heat, Hot Water), Unit 1(heat
- Market Time:
- 91
- Parking Spaces:
- 10
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $361
- Zoning:
- R3
- No Units:
- 8
- Orig Price:
- $2,650,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Salem
- State:
- MA
- County:
- Essex
- Postal Code:
- 01970
- Longitude:
- W71° 6' 34.8''
- Latitude:
- N42° 31' 3''
Residential Income
1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $2,400,000
- Bedrooms :
- 16
- Rooms :
- 32
- Total Bathrooms :
- 8
- Full Bathrooms :
- 8
- Square Footage :
- 6,656 Sqft
- Year Built :
- 1960
- Lot Area :
- 0.22 Acre
- Listing ID :
- 73490150
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
