BEDS16
BATHS8 full
SQUARE FEET6,656
MLS#73490150
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Interior Entry
Heating: Oil
Lot Size: 0.22 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $16,240
Year Built: 1960
Feature Descriptions
Building Area Total: 6656
Community Features: Public Transportation
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 85
Dwelling Type: 5-9 Family
Electric: 200+ Amp Service
Exterior: Frame
Flooring: Wood
HeatingY/N: 1
Lot Features: Corner Lot
Parking Features: Off Street
Parking Total: 10
Rent Includes: Unit 1(Heat, Hot Water), Unit 2(Heat, Hot Water)
Rooms Total: 32
Sewer: Public Sewer
Units: 8
Water: Public
Listed By / Shown By
Listed By
Agency Name: Little & Co., REALTORS
Agent Name: Francesca Little
Agency Phone: 978-745-4447
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 7,772.28 per month $5,675.19 Principal & Interest $1,353.33 Property Tax $743.75 Homeowner's Insurance
1-7 Prince St & 48-54 Harbor St | MLS# 73490150
This multi-family property located at 1-7 Prince St & 48-54 Harbor St, Salem, MA 01970 is currently listed for sale with an asking price of $2,550,000. Search Salem real estate on www.masiellogrouprealestate.com today.