8-10 & 5 Porter St Ct & Ropes Portfolio, Salem, MA 01970

$4,200,000
34
BD
12
BA
13,472
SqFt

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List Price
$4,200,000
Status
ACTIVE
MLS#
73528048
Year Built
1915
Levels
3
Bedrooms
34
Bathrooms
12
Acres
0.40
Living Area
13,472

Property Description

5 Ropes Street and 8-10 Porter Street Court are two adjacent 3-story, 6-unit buildings with a total square footage of 19,720± and a rentable square footage of 13,472±. This offering includes twenty (20+) surface parking spots and 6-bay garages currently generating substantial income. Both buildings offer investors separately metered utilities, on-site coin-operated laundry facilities, and storage units per apartment for additional income. Investors will hedge any risk with multiple revenue streams within one investment opportunity. The offering is within walking distance of public transportation, restaurants, and many local amenities.

Additional Information

Taxes
$35,875
Lot Desc
Level
Lot Size
17,611
Flooring
Tile, Vinyl, Hardwood
Sewer
Public Sewer
Water Source
Public
Exterior
Brick, Stone
Garage Spaces
6
Parking Spaces
27

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Dan Pouladian from Listing Office: North Shore Realty Advisors.

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