BEDS32
BATHS26 full
SQUARE FEET17,755
MLS#73494351
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Rare opportunity to acquire a fully renovated 26-unit brick asset in one of Salems most active rental markets. The Property consists of twelve (12) one-bedroom units, six (6) two-bedroom units and eight (8) studios. 233 Lafayette Street offers investors immediate scale, strong in-place income, and a true turnkey profile with major capital improvements already executed. The property has undergone an extensive renovation in 2020, including a new roof, fully upgraded electrical, new boilers and hot water storage and a new sprinkler system. Unit interiors have been upgraded across the board with updated kitchens and baths with 15 of the units featuring in-unit laundry. See attached OM for detailed financials.
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished
Basement: Yes
Lot Size: 0.24 Acres
Roof Type: Rubber
Stories: 3.0
Taxes: $51,331
Year Built: 1915
Feature Descriptions
Building Area Total: 17755
Community Features: Public Transportation, Park, Medical Facility, Highway Access, House of Worship, T-Station, University
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: 20
Dwelling Type: 5+ Family - 5+ Units Up/Down
Exterior: Brick
Flooring: Wood
Lot Features: Other
Parcel Number: 2135113
Parking Total: 0
Rooms Total: 62
Sewer: Public Sewer
Units: 26
Water: Public
Listed By / Shown By
Listed By
Agency Name: Little & Co., REALTORS
Agency Phone: 978-745-4447
Agent Name: Francesca Little
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 24,402.86 per month $17,793.40 Principal & Interest $4,277.58 Property Tax $2,331.88 Homeowner's Insurance
233 Lafayette | MLS# 73494351
This multi-family property located at 233 Lafayette, Salem, MA 01970 is currently listed for sale with an asking price of $7,995,000. Search Salem real estate on www.masiellogrouprealestate.com today.