19 Nichols, Salem, MA 01970

$925,000
9
BD
4
BA
4,420
SqFt

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List Price
$925,000
Status
NEW
MLS#
73594996
Year Built
1890
Levels
4
Bedrooms
9
Bathrooms
4
Acres
0.06
Living Area
4,420

Property Description

Fantastic opportunity to own a well-maintained, income producing three-family property in desirable Salem! The Property features spacious units and a versatile layout making it ideal for both owner-occupants and investors looking to generate rental income. The first floor offers four (4) bedrooms spanning two levels while the second floor offers three (3) large bedrooms and two (2) full bathrooms. The vacant third-floor unit features two (2) bedrooms, providing the perfect opportunity for an owner-occupant or an investor looking to secure an additional rental stream. The two occupied units currently generate $7,000 in gross monthly rental income including coin op laundry. Heat and hot water are included in the rents. Four off-street parking spaces add even more convenience and value. With generous living spaces, strong existing rental income, and a vacant unit ready for its next chapter, this is an excellent opportunity to invest in Salem's multifamily market.

Additional Information

Taxes
$7,797
Lot Desc
Other
Lot Size
2,614
Heating
Natural Gas
Sewer
Public Sewer
Water Source
Public
Parking Spaces
4

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

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