1-7 Prince St & 48-54 Harbor St, Salem, MA 01970

$2,400,000
16
BD
8
BA
6,656
SqFt

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List Price
$2,400,000
Status
ACTIVE
MLS#
73490150
Price Change
▼ $150,000 1781807202
Year Built
1960
Levels
2
Bedrooms
16
Bathrooms
8
Acres
0.22
Living Area
6,656

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.

Additional Information

Taxes
$16,240
Lot Desc
Corner Lot
Lot Size
9,740
Flooring
Wood
Heating
Oil
Sewer
Public Sewer
Water Source
Public
Exterior
Frame
Parking Spaces
10

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Francesca Little from Listing Office: Little & Co., REALTORS®.

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