Cash Buyer Opportunity or renovation loan – Exceptional income-producing four-unit asset with strong upside potential. Two units have been fully renovated and are currently leased, offering immediate, stable income. A third unit features a long-term tenant and presents a clear value-add opportunity, with the potential to be easily converted from a one-bedroom into a two-bedroom. 4TH UNIT REQUIRES A FULL RENO AND IS UNINHABITABLE SO PLEASE CHECK WITH YOUR LENDER ON FINANCING. A compelling opportunity for investors seeking both cash flow and future appreciation. This property sits right off of Canal street with plenty of commercial and restaurants within short distance and a future train station and other public transit close by. Great sized parking lot in rear. 48 hours notice for all showings. Do not walk on premises without the agent.
- Basement:
- Interior Entry, Concrete
- Parking:
- Leased, Paved Drive
- Construction:
- Frame
- Flooring:
- Vinyl, Laminate
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Electric Feature:
- 200+ Amp Service
- Garage Parking
- Lead Paint:
- Unknown
- Market Time:
- 4
- Parking Spaces:
- 4
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $250
- Zoning:
- B4
- No Units:
- 4
- Orig Price:
- $1,100,000
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Salem
- State:
- MA
- County:
- Essex
- Postal Code:
- 01970
- Longitude:
- W71° 6' 14.8''
- Latitude:
- N42° 30' 27.5''
Residential Income
101 Ocean Ave, Salem, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,100,000
- Bedrooms :
- 6
- Rooms :
- 18
- Total Bathrooms :
- 4
- Full Bathrooms :
- 4
- Square Footage :
- 4,394 Sqft
- Year Built :
- 1930
- Lot Area :
- 0.11 Acre
- Listing ID :
- 73491641
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com